The typical asking rate per listing is in the $50's per square foot per year. The Manhattan Beach submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 9% decrease in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Manhattan Beach submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 5 listings have been listed, which means listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 20% of the available leases in the Manhattan Beach 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 2,930 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are close to 6 floors. Most buildings in this area were built in 1985 and are Class B.