Pico Union Industrial

Pico Union

Office Space Market Report

Number of Listings (last 90 days)
6
Median Rate ($/sqft/yr)
$32
Median Size (sqft)
5,000
As of: March 12, 2017

Pico Union Rates

Most listings are in the $30's per square foot per year. The Pico Union submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $8 per sqft per year. That's a 20% decrease in rent.

Compared to the rest of the Metropolitan Los Angeles market, the Pico Union region has smaller rates, so you should have no trouble finding a great deal in this depreciated region.

Pico Union Listing Supply

In the last 90 days, 6 listings have been made available, which means leases 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.

Even though the median size is 5,000 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are close to 2 stories. Most buildings in this area were built in 1958 and are Class C.

Pico Union Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Agriculture is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Pico Union folk. Commuting more than an hour and a half 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 Pico Union.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Pico Union.
Research