Pico Union Commercial Real Estate

Pico Union

Market Report

Number of Listings
Posted in the last 90 days
4
Median Rate ($/sqft/yr)
$28
Median Size (sqft)
690

Pico Union Rates

Most listings are in the $20's per square foot per year. The Pico Union region is seeing a decline in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 13% decrease in rent.

Compared to the rest of the Metropolitan Los Angeles market, the Pico Union region has smaller rates, so you should have no trouble finding a great deal in this undervalued region.

Pico Union Listing Supply

In the last 90 days, 48 listings have been listed, so you'll want to check back regularly for new listings. About 8% of the listings in the Pico Union 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 690 sqft. Most buildings in this area are approximately 2 stories. Most buildings in this market were built in 1958 and are Class C.

Pico Union Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Agriculture is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Pico Union residents. Commuting more than an hour and a half 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 Pico Union.
Research