The typical asking rate per listing is in the $60's per square foot per year. The Downtown Manhattan Beach submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $28 per sqft per year. That's a 29% decrease in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Downtown Manhattan Beach submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 15 listings have been made available, which means office spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,720 sqft. Most properties in this area are close to 2 stories. Most buildings in this market were built in 1986 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Downtown Manhattan Beach residents. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Downtown Manhattan Beach.
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