On average, listings lease in the $50's per square foot per year. The South Coast Metro submarket is seeing a an increase in rates. In the last 3 months, the median rate increased $51 per sqft per year.
Compared to the rest of the Metropolitan Los Angeles market, the South Coast Metro submarket has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 15 listings have been posted online, which means office spaces are probably 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 available, so finding a space for a small business might be tough.
Even though the median size is 3,220 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are around 12 stories. Most buildings in this market were built in 1984 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Real estate is the dominant industry in this market. Commute by motorcycle is the most popular way to get to work amongst South Coast Metro occupants. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.