The typical asking rate per listing is in the $20's per square foot per year. The Rancho Palos Verdes region is going through a decline in rates. In the last 3 months, the median rate decreased $11 per sqft per year. That's a 29% decrease in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Rancho Palos Verdes submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 22 listings have been made available, which means office spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 9% of the office spaces in the Rancho Palos Verdes are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,200 sqft. Most properties in this area are approximately 2 floors. Most buildings in this region were built in 1985 and are Class C.
Real time and historical data on commercial real estate listings in Rancho Palos Verdes.
Get email notifications when new listings are posted that match your requirements.