The typical asking rate per listing is in the $30's per square foot per year. The SAMLARC submarket is experiencing a a boost in rates. In the last 3 months, the median rate went up $11 per sqft per year. That's a 50% increase in rent.
Compared to the rest of the Metropolitan Los Angeles market, the SAMLARC submarket has lower rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 74 listings have been listed, so you'll want to check back regularly for new listings. About 3% of the office spaces in the SAMLARC are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 7,080 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are around 2 stories. Most buildings in this area were built in 2000 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst SAMLARC residents. Commuting around an hour and a half 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 SAMLARC.
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