On average, listings lease in the $30's per square foot per year. The Central San Pedro region is seeing a a boost in rates. In the last 3 months, the median rate went up $36 per sqft per year.
In the last 90 days, 22 listings have been posted online, which means leases are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 14% of the available leases in the Central San Pedro 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 12,090 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are approximately 3 floors. Most buildings in this region were built in 1965 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Central San Pedro occupants. Commuting around an hour a day is the norm for those who opt to reside in this part of town.