Pico Industrial

Pico

Office Space Market Report

Number of Listings (last 90 days)
33
Median Rate ($/sqft/yr)
$61
Median Size (sqft)
3,240
As of: May 19, 2017

Pico Rates

On average, listings lease in the $60's per square foot per year. The Pico region is experiencing a decline in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 3% decline in rent.

Compared to the rest of the Metropolitan Los Angeles market, the Pico submarket has higher rates, and you'll need to make a great offer to be in this hot region.

Pico Listing Supply

In the last 90 days, 33 listings have been made available, which means new listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 3,240 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are close to 2 floors. Most buildings in this area were built in 1981 and are Class B.

Pico Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Pico residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Pico.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Pico.
Research