Miracle Mile Industrial

We couldn't find any industrial spaces for Lease and Sublease

Miracle Mile

Office Space Market Report

Number of Listings (last 90 days)
4
Median Rate ($/sqft/yr)
$62
Median Size (sqft)
15,100
As of: June 27, 2017

Miracle Mile Rates

Most listings are in the $60's per square foot per year. The Miracle Mile submarket is experiencing a an increase in rates. In the last 3 months, the median rate rose $62 per sqft per year.

Compared to the rest of the Metropolitan Los Angeles market, the Miracle Mile region has more expensive rates, and you'll need to make a great offer to be in this hot region.

Miracle Mile Listing Supply

In the last 90 days, 4 listings have been made available, which means office spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 75% of the listings in the Miracle Mile 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 posted, so finding a space for a small business might be tough.

Even though the median size is 15,100 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are around 10 floors. Most buildings in this market 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 region. 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