Lake Balboa Office Space

Lake Balboa

Office Space Market Report

Number of Listings (last 90 days)
74
Median Rate ($/sqft/yr)
$23
Median Size (sqft)
1,020
As of: August 22, 2017

Lake Balboa Rates

Most listings are in the $20's per square foot per year. The Lake Balboa submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 12% decrease in rent.

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

Lake Balboa Listing Supply

In the last 90 days, 5 listings have been made available, which means listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 100% of the office spaces in the Lake Balboa 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 on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,020 sqft. Most properties in this region are close to 2 stories. Most buildings in this region 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 region. Commute by taxi is the most popular way to get to work amongst Lake Balboa occupants. 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