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The typical asking rate per commerial real estate listing leases is in the $30's per square foot per year. The San Marino submarket is experiencing a decline in rates. In the last 3 months, the median rate for lease decreased $5 per sqft per year.
Compared to the rest of the Metropolitan Los Angeles commercial real estate market, the San Marino submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 180 days, 13 commercial real estate listings have been made available, which means spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard size for office space in this area is around 2,050 sqft. Most buildings in this market are close to 2 stories. Most buildings in this area were built approximately 1941 and are Class C.
Real time and historical data on commercial real estate listings in San Marino.
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