On average, listings lease in the $30's per square foot per year. The South Redondo Beach submarket is experiencing a a boost in rates. In the last 3 months, the median rate rose $5 per sqft per year. That's a 14% rise in rent.
Compared to the rest of the Metropolitan Los Angeles market, the South 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, 1 listings have been listed, which means spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. 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 3,470 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area were built in 1984 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this area. Commute by walking is the most popular way to get to work amongst South Redondo Beach folk. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.