Most listings are in the $40's per square foot per year. The Torrance region is seeing a a boost in rates. In the last 3 months, the median rate went up $8 per sqft per year. That's a 22% rise in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Torrance region has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 628 listings have been posted online, so you'll want to check back regularly for new listings. About 7% of the available space in the Torrance 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,020 sqft. Most buildings in this region are approximately 2 stories. Most buildings in this region were built in 1984 and are Class B.
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. Commute by motorcycle is the most popular way to get to work amongst Torrance folk. 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 Torrance.
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