On average, listings lease in the $70's per square foot per year. The Eastern Malibu submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $79 per sqft per year.
Compared to the rest of the Metropolitan Los Angeles market, the Eastern Malibu submarket has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 19 listings have been listed, which means leases are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 5% of the available leases in the Eastern Malibu are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 2,380 sqft. Most properties in this area are close to 2 floors. Most buildings in this area were built in 1980 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Eastern Malibu residents. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.