Downtown Long Beach Office Space

Downtown Long Beach

Office Space Market Report

Number of Listings (last 90 days)
14
Median Rate ($/sqft/yr)
$33
Median Size (sqft)
3,690
As of: December 9, 2016

Downtown Long Beach Rates

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.

Downtown Long Beach Listing Supply

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.

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 occupants. Commuting around 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