The typical asking rate per listing is in the $30's per square foot per year. The Verdugo Viejo submarket is going through a an increase in rates. In the last 3 months, the median rate went up $35 per sqft per year.
Compared to the rest of the Metropolitan Los Angeles market, the Verdugo Viejo submarket has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 5 listings have been posted online, which means listings are probably going fast. You'll want to be prepared to make an offer immediately. 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 1,530 sqft. Most properties in this area are approximately 2 floors.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Verdugo Viejo occupants. Commuting more than 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 Verdugo Viejo.
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