Covina Office Space

Covina

Office Space Market Report

Number of Listings (last 90 days)
10
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
2,600
As of: July 22, 2017

Covina Rates

The typical asking rate per listing is in the $20's per square foot per year. The Covina submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $14 per sqft per year. That's a 38% decline in rent.

Compared to the rest of the Metropolitan Los Angeles market, the Covina region has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.

Covina Listing Supply

In the last 90 days, 10 listings have been posted online, which means listings are probably going fast. You'll want to be prepared to make an offer immediately. About 210% of the office spaces in the Covina are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 2,600 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are approximately 2 floors. Most buildings in this area were built in 1981 and are Class B.

Covina Community

Market Report

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

Market Data

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

Covina Submarkets