On average, listings lease in the $80's per square foot per year. The Eastern Malibu region is experiencing a an increase in rates. In the last 3 months, the median rate went up $8 per sqft per year. That's a 10% increase in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Eastern Malibu submarket has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 12 listings have been made available, which means office spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 8% of the available leases in the Eastern Malibu are subleases, so you will probably have to focus your search on direct office leases. 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 2,820 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are approximately 2 floors. Most buildings in this region were built in 1980 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Eastern Malibu occupants. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.