Downtown Manhattan Beach Office Space

Downtown Manhattan Beach

Office Space Market Report

Number of Listings (last 90 days)
2
Median Rate ($/sqft/yr)
$95
Median Size (sqft)
3,430
As of: July 21, 2017

Downtown Manhattan Beach Rates

On average, listings lease in the $90's per square foot per year. The Downtown Manhattan Beach submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $95 per sqft per year.

Compared to the rest of the Metropolitan Los Angeles market, the Downtown Manhattan Beach submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Downtown Manhattan Beach Listing Supply

In the last 90 days, 2 listings have been listed, which means office spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 100% of the available leases in the Downtown 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 posted, so finding a space for a small business might be tough.

Even though the median size is 9,480 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are approximately 2 stories. Most buildings in this area were built in 1986 and are Class B.

Downtown Manhattan Beach Community

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 area. Commute by public transit is the most popular way to get to work amongst Downtown Manhattan Beach folk. Commuting around an hour 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 Downtown Manhattan Beach.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Downtown Manhattan Beach.
Research