On average, listings lease in the $20's per square foot per year. The Downtown Long Beach region is going through a decrease in rates. In the last 3 months, the median rate fell $6 per sqft per year. That's a 18% decrease in rent.
In the last 90 days, 22 listings have been posted online, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. 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 3,040 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are approximately 6 floors. Most buildings in this region were built in 1980 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Downtown Long Beach residents. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.