Miracle Mile Industrial

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Miracle Mile

Office Space Market Report

Number of Listings (last 90 days)
14
Median Rate ($/sqft/yr)
$55
Median Size (sqft)
2,060
As of: January 16, 2017

Miracle Mile Rates

Compared to the rest of the Metropolitan Los Angeles market, the Miracle Mile submarket has more expensive rates, and you'll need to pay a premium to be in this hot submarket.

Miracle Mile Listing Supply

In the last 90 days, 14 listings have come on the market, which means new availabilities 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 posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,060 sqft. Most buildings in this market are around 10 floors. Most buildings in this area were built in 1971 and are Class A.

Miracle Mile Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Miracle Mile residents. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Miracle Mile.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Miracle Mile.
Research