On average, listings lease in the $40's per square foot per year. The El Segundo region is going through a a boost in rates. In the last 3 months, the median rate went up $2 per sqft per year. That's a 3% increase in rent.
Compared to the rest of the Metropolitan Los Angeles market, the El Segundo region has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 36 listings have been made available, which means office spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 14% of the available space in the El Segundo are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 3,590 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are close to 3 stories. Most buildings in this area were built in 1984 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Professional services is the dominant industry in this market. Commute by car is the most popular way to get to work amongst El Segundo occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.