On average, listings lease in the $40's per square foot per year. The San Marino region is experiencing a a rise in rates. In the last 3 months, the median rate increased $4 per sqft per year. That's a 12% rise in rent.
Compared to the rest of the Metropolitan Los Angeles market, the San Marino submarket has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 13 listings have been posted online, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 15% of the available space in the San Marino are subleases, so you might be able to sign a shorter term by taking over a previous 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.
The standard measurement for office space in this area is around 370 sqft. Most buildings in this region are approximately 2 floors. Most buildings in this region were built in 1951 and are Class B.
Real time and historical data on commercial real estate listings in San Marino.
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