On average, listings lease in the $30's per square foot per year. The Lower Hastings Ranch region is experiencing a decline in rates. In the last 3 months, the median rate decreased $13 per sqft per year. That's a 28% decrease in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Lower Hastings Ranch region has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 16 listings have been made available, which means listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 6% of the available leases in the Lower Hastings Ranch are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 7,000 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are approximately 2 floors. Most buildings in this region were built in 1966 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 market. Commute by car is the most popular way to get to work amongst Lower Hastings Ranch residents. Commuting approximately 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 Lower Hastings Ranch.
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