Pico Union Industrial

Pico Union

Office Space Market Report

Number of Listings (last 90 days)
6
Median Rate ($/sqft/yr)
$32
Median Size (sqft)
20,020
As of: June 24, 2017

Pico Union Rates

Most listings are in the $30's per square foot per year. The Pico Union region is seeing a a rise in rates. In the last 3 months, the median rate increased $32 per sqft per year.

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 undervalued submarket.

Pico Union Listing Supply

In the last 90 days, 6 listings have been made available, which means listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 50% of the available space in the Pico Union 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 20,020 sqft, there are still 0 new availabilities 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 market. 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