On average, listings lease in the $20's per square foot per year. The North Hawthorne submarket is going through a a boost in rates. In the last 3 months, the median rate rose $24 per sqft per year.
Compared to the rest of the Metropolitan Los Angeles market, the North Hawthorne submarket has lower rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 24 listings have been posted online, which means office spaces most likley are going fast. You'll want to be prepared to make an offer immediately. About 4% of the listings in the North Hawthorne 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 457,030 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are approximately 2 floors. Most buildings in this area were built in 1979 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst North Hawthorne 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 North Hawthorne.
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