The typical asking rate per listing is in the $130's per square foot per year. The Downtown Manhattan Beach region is seeing a a rise in rates. In the last 3 months, the median rate increased $135 per sqft per year.
Compared to the rest of the Metropolitan Los Angeles market, the Downtown Manhattan Beach region has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 3 listings have been listed, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. 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 840 sqft. Most buildings in this region are around 2 floors. Most buildings in this area were built in 1986 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Downtown Manhattan Beach folk. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.