On average, listings lease in the $60's per square foot per year. The Downtown Manhattan Beach region is going through a decrease in rates. In the last 3 months, the median rate decreased $28 per sqft per year. That's a 29% decrease in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Downtown Manhattan Beach submarket has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 15 listings have been made available, which means listings are probably going fast. You'll want to be prepared to make an offer immediately. About 7% of the available leases in the Downtown Manhattan Beach are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 1,720 sqft. Most buildings in this area are around 2 stories. Most buildings in this region were built in 1986 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Downtown Manhattan Beach folk. 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 Downtown Manhattan Beach.
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