On average, listings lease in the $20's per square foot per year. The North Redondo Beach submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $16 per sqft per year. That's a 38% decrease in rent.
Compared to the rest of the Metropolitan Los Angeles market, the North Redondo Beach region has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 1 listings have been listed, which means new availabilities most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 100% of the available leases in the North Redondo Beach 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 available, so finding a space for a small business might be tough.
Even though the median size is 41,270 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are close to 2 floors. Most buildings in this region were built in 1982 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 market. Commute by motorcycle is the most popular way to get to work amongst North Redondo Beach residents. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.