Lakewood Mutual Office Space

Lakewood Mutual

Office Space Market Report

Number of Listings (last 90 days)
7
Median Rate ($/sqft/yr)
$31
Median Size (sqft)
740
As of: July 26, 2017

Lakewood Mutual Rates

On average, listings lease in the $30's per square foot per year. The Lakewood Mutual submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $2 per sqft per year. That's a 5% increase in rent.

Compared to the rest of the Metropolitan Los Angeles market, the Lakewood Mutual submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.

Lakewood Mutual Listing Supply

In the last 90 days, 7 listings have been made available, which means listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 14% of the office spaces in the Lakewood Mutual 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 posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 740 sqft. Most properties in this region are approximately 2 stories. Most buildings in this region were built in 1987 and are Class B.

Lakewood Mutual Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Lakewood Mutual occupants. Commuting close to 20 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 Lakewood Mutual.
Market Report

Market Data

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

Lakewood Submarkets