The typical asking rate per listing is in the $30's per square foot per year. The Santa Fe Springs submarket is going through a decline in rates. In the last 3 months, the median rate fell $27 per sqft per year. That's a 45% decrease in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Santa Fe Springs submarket has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 115 listings have come on the market, so you'll want to check back regularly for new listings. About 5% of the office spaces in the Santa Fe Springs 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 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 area are close to 1 floors. Most buildings in this region were built in 1978 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this region. Most of the folk of Santa Fe Springs work from home. Commuting around an hour 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 Santa Fe Springs.
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