Lake Balboa Office Space

Lake Balboa

Office Space Market Report

Number of Listings (last 90 days)
5
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
1,020
As of: June 23, 2017

Lake Balboa Rates

Most listings are in the $20's per square foot per year. The Lake Balboa region is experiencing a an increase in rates. In the last 3 months, the median rate increased $24 per sqft per year.

Compared to the rest of the Metropolitan Los Angeles market, the Lake Balboa region has lower rates, so you should have no trouble finding a great deal in this discounted submarket.

Lake Balboa Listing Supply

In the last 90 days, 5 listings have come on the market, which means new availabilities most likley are going fast. You'll want to be prepared to make an offer immediately. About 100% of the available space in the Lake Balboa are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,000 sqft. Most buildings in this market are around 2 floors. Most buildings in this market were built in 1976 and are Class C.

Lake Balboa 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 taxi is the most popular way to get to work amongst Lake Balboa residents. Commuting between 30 and 45 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 Lake Balboa.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Lake Balboa.
Research