Lake Balboa Office Space

Lake Balboa

Market Report

Number of Listings
Posted in the last 90 days
11
Median Rate ($/sqft/yr)
$28
Median Size (sqft)
3,900

Lake Balboa Rates

On average, listings lease in the $20's per square foot per year. The Lake Balboa submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $5 per sqft per year. That's a 21% increase in rent.

Compared to the rest of the Metropolitan Los Angeles market, the Lake Balboa region has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.

Lake Balboa Listing Supply

In the last 90 days, 74 listings have come on the market, so you'll want to check back regularly for new listings. About 7% of the available leases in the Lake Balboa are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

Even though the median size is 3,900 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are around 2 floors. Most buildings in this region were built in 1978 and are Class C.

Lake Balboa Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this market. Commute by taxi is the most popular way to get to work amongst Lake Balboa occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Data

Real time and historical data on commercial real estate listings in Lake Balboa.
Research