Most listings are in the $30's per square foot per year. The Rancho Palos Verdes submarket is experiencing a a rise in rates. In the last 3 months, the median rate increased $11 per sqft per year. That's a 41% rise in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Rancho Palos Verdes submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 2 listings have been listed, which means new availabilities are probably going fast. You'll want to be prepared to make an offer immediately. 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 2,420 sqft. Most properties in this area are close to 2 floors. Most buildings in this area were built in 1985 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Rancho Palos Verdes occupants. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.