On average, listings lease in the $30's per square foot per year. The Marceline submarket is seeing a an increase in rates. In the last 3 months, the median rate increased $8 per sqft per year. That's a 25% rise in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Marceline submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 11 listings have been posted online, which means leases are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 18% of the office spaces in the Marceline are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 5,200 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are close to 1 floors. Most buildings in this area were built in 2008.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this area. Most of the occupants of Marceline work from home. Commuting between 30 and 45 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 Marceline.
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