Downtown Santa Monica Commercial Real Estate

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Iliad Real Estate Group
I represent tenants and can
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302 Colorado Ave - 4 Spaces Downtown Santa Monica, Santa Monica, CA rental rate negotiable
Sep 12
23,700 - 30,000
Office Retail Other Restaurant
417 Colorado Ave - Floor 1 Downtown Santa Monica, Santa Monica, CA  
Aug 16
Retail Other
Pierpoint Pacific - Floor 2 Downtown Santa Monica, Santa Monica, CA  
Jul 21
Sublease Office
225 Santa Monica Blvd - Unit 6 (Floor 6) Santa Monica, CA  
Apr 09
Sublease Office

Downtown Santa Monica

Market Report

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

Downtown Santa Monica Rates

The typical asking rate per listing is in the $120's per square foot per year. The Downtown Santa Monica submarket is going through a a boost in rates. In the last 3 months, the median rate went up $55 per sqft per year. That's a 78% rise in rent.

Downtown Santa Monica Listing Supply

In the last 90 days, 120 listings have been posted online, so you'll want to check back regularly for new listings. About 8% of the available space in the Downtown Santa Monica 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 8,970 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are close to 4 floors. Most buildings in this area were built in 1988 and are Class A.

Downtown Santa Monica Community

A large portion of this area is residential, but there's plenty of office_space. Real estate is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Downtown Santa Monica folk. Commuting under 5 minutes 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 Downtown Santa Monica.