Downtown Long Beach Office Space

Downtown Long Beach

Office Space Market Report

Number of Listings (last 90 days)
6
Median Rate ($/sqft/yr)
$34
Median Size (sqft)
5,480
As of: February 21, 2017

Downtown Long Beach Rates

On average, listings lease in the $30's per square foot per year. The Downtown Long Beach submarket is going through a an increase in rates. In the last 3 months, the median rate increased $0 per sqft per year. That's a 1% increase in rent.

Downtown Long Beach Listing Supply

In the last 90 days, 6 listings have been made available, which means new availabilities are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 33% of the available leases 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.

Even though the median size is 5,480 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are approximately 6 floors. Most buildings in this market were built in 1980 and are Class A.

Downtown Long Beach Community

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 area. Commute by walking is the most popular way to get to work amongst Downtown Long Beach folk. Commuting approximately 15 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 Downtown Long Beach.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Downtown Long Beach.
Research