The typical asking rate per listing is in the $30's per square foot per year. The Downtown Long Beach region is going through a decline in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 7% decline in rent.
In the last 90 days, 15 listings have been made available, which means listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 20% of the available leases in the Downtown Long Beach 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 available, so finding a space for a small business might be tough.
Even though the median size is 3,690 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are close to 6 floors. Most buildings in this market were built in 1980 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 area. Commute by walking is the most popular way to get to work amongst Downtown Long Beach occupants. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.