Most listings are in the $60's per square foot per year. The Eastern Malibu submarket is seeing a an increase in rates. In the last 3 months, the median rate increased $67 per sqft per year.
Compared to the rest of the Metropolitan Los Angeles market, the Eastern Malibu submarket has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 67 listings have been made available, so you'll want to check back regularly for new listings. About 1% of the listings in the Eastern Malibu 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 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 970 sqft. Most properties in this region are close to 2 stories. Most buildings in this market were built in 1980 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Eastern Malibu folk. Commuting close to 10 minutes 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 Eastern Malibu.
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