The typical asking rate per listing is in the $20's per square foot per year. The Downtown Long Beach submarket is seeing a decline in rates. In the last 3 months, the median rate fell $6 per sqft per year. That's a 16% decrease in rent.
In the last 90 days, 22 listings have come on the market, which means new availabilities most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 250% of the listings in the Downtown Long Beach are subleases, so you might be able to snag a great spot on a short term. 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 1,830 sqft. Most buildings in this region are close to 6 floors. Most buildings in this area were built in 1975 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Downtown Long Beach residents. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.