Situated in the southeast corner of Los Angeles County within the state of California, the city of Commerce features a residential population of nearly 13,000 inhabitants, many of whom commute into Los Angeles for both economic and cultural opportunities. Thanks to its advantageous positioning amongst many of the area's largest commuter thoroughfares, the residents of Commerce can quickly travel in and out of the city. Business owners seeking rental properties for lease in Commerce, including office space for rent or commercial space for rent, will likely be able to take advantage of the affordable leasing rates here and develop a business enterprise that is poised for future growth. The countless neighborhood zones of Commerce currently host a wide array of business across a diverse spectrum of industries and specializations.
Median household income levels in Commerce are currently only slightly below state averages. Because of this, many consider this particular community to exist within a middle class / lower-middle class income bracket. Some of the more popular occupations for residents of Commerce include positions in industries such as manufacturing, construction, retail trade and wholesale trade, among others. Unemployment levels in Commerce are only slightly above state averages. That being said, the state is currently experiencing unemployment levels that are significantly higher than national averages, which may prove to be somewhat disparaging for those seeking to engage in retail transactions with consumers. It is estimated that approximately 14.2% of the local population lives below the poverty line.
Commerce was first incorporated as a city in the state of California in 1960. During the 1970’s and 1980’s, a turbulent period of time resulting in the de-industrialization of many neighboring communities, Commerce was largely spared from these negative economic repercussions. Today, Commerce is considered to be the water polo capital of the United States, due in large part to the fact that several of the country’s top athletes have been trained here. Demographically, Commerce is primarily composed of Hispanic and Caucasian citizens, although various other ethnic groups can also be found here.
The vast majority of businesses found in Commerce are located in the downtown region of the city. Due to the fact that Commerce is quite small, however, it is not surprising that businesses located throughout the city receive similar levels of exposure and economic activity.