On average, listings lease in the $30's per square foot per year. The Inglewood submarket is going through a decrease in rates. In the last 3 months, the median rate fell $6 per sqft per year. That's a 17% decrease in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Inglewood submarket has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 173 listings have come on the market, so you'll want to check back regularly for new listings. About 1% of the listings in the Inglewood are subleases, so you will probably have to consider a longer term 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 1,400 sqft. Most properties in this area are close to 2 floors. Most buildings in this area were built in 1976 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this region. Commute by car is the most popular way to get to work amongst Inglewood residents. Commuting between 30 and 45 minutes 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 Inglewood.
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