On average, listings lease in the $50's per square foot per year. The South Coast Metro region is seeing a a rise in rates. In the last 3 months, the median rate went up $51 per sqft per year.
Compared to the rest of the Metropolitan Los Angeles market, the South Coast Metro submarket has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 15 listings have come on the market, which means listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 107% of the listings in the South Coast Metro are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 4,830 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are close to 12 stories. Most buildings in this region were built in 1984 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Real estate is the dominant industry in this area. Commute by motorcycle is the most popular way to get to work amongst South Coast Metro residents. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.