Most listings are in the $40's per square foot per year. The North Redondo Beach submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $2 per sqft per year. That's a 6% increase in rent.
Compared to the rest of the Metropolitan Los Angeles market, the North Redondo Beach region has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 5 listings have been posted online, which means office spaces most likley are 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 on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 340 sqft. Most buildings in this market are approximately 2 stories. Most buildings in this market were built in 1979 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 motorcycle is the most popular way to get to work amongst North Redondo Beach residents. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.