The typical asking rate per listing is in the $10's per square foot per year. The Cooley Ranch region is experiencing a decline in rates. In the last 3 months, the median rate fell $6 per sqft per year. That's a 23% decline in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Cooley Ranch submarket has lower rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 192 listings have come on the market, so you'll want to check back regularly for new listings. About 8% of the available leases in the Cooley Ranch are subleases, so you will probably have to focus your search on direct office leases. 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 1,560 sqft. Most buildings in this market are around 2 stories. Most buildings in this region were built in 1985 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 public transit is the most popular way to get to work amongst Cooley Ranch 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 Cooley Ranch.
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