Most listings are in the $30's per square foot per year. The Downtown Long Beach region is seeing a a boost in rates. In the last 3 months, the median rate went up $0 per sqft per year. That's a 1% increase in rent.
In the last 90 days, 7 listings have come on the market, which means office spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 29% 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 3,490 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are approximately 6 stories. 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 region. Commute by walking is the most popular way to get to work amongst Downtown Long Beach folk. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.