Lake Balboa Commercial Real Estate

16600 Sherman Way - Space Lake Balboa, Los Angeles, CA  
Sep 13
18,670
sqft
Office
6918 Valjean Ave - Space Lake Balboa, Los Angeles, CA HVAC
May 17
15,000
sqft
Industrial

Lake Balboa

Market Report

Number of Listings
Posted in the last 90 days
3
Median Rate ($/sqft/yr)
$28
Median Size (sqft)
3,900

Lake Balboa Rates

The typical asking rate per listing is in the $20's per square foot per year. The Lake Balboa region is seeing a an increase in rates. In the last 3 months, the median rate increased $2 per sqft per year. That's a 6% increase in rent.

Compared to the rest of the Metropolitan Los Angeles market, the Lake Balboa submarket has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.

Lake Balboa Listing Supply

In the last 90 days, 74 listings have been listed, so you'll want to check back regularly for new listings. About 4% of the available space in the Lake Balboa 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.

Even though the median size is 3,900 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are around 2 stories. Most buildings in this area were built in 1976 and are Class C.

Lake Balboa Community

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 region. Commute by taxi is the most popular way to get to work amongst Lake Balboa folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Data

Real time and historical data on commercial real estate listings in Lake Balboa.
Research