On average, listings lease in the $30's per square foot per year. The Downtown Long Beach submarket is going through a an increase in rates. In the last 3 months, the median rate increased $0 per sqft per year. That's a 1% increase in rent.
In the last 90 days, 6 listings have been made available, which means new availabilities are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 33% of the available leases in the Downtown Long Beach are subleases, so you might be able to snag a great spot on a short term. 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 5,480 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are approximately 6 floors. Most buildings in this market 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 folk. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.