On average, listings lease in the $20's per square foot per year. The SAMLARC region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $10 per sqft per year. That's a 33% decrease in rent.
Compared to the rest of the Metropolitan Los Angeles market, the SAMLARC submarket has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 74 listings have been listed, so you'll want to check back regularly for new listings. About 3% of the listings in the SAMLARC 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 1,200 sqft. Most properties in this market are around 2 stories. Most buildings in this market were built in 1999 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst SAMLARC residents. Commuting around 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 SAMLARC.
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