Town Center Office Space

Town Center

Office Space Market Report

Number of Listings (last 90 days)
2
Median Rate ($/sqft/yr)
$38
Median Size (sqft)
6,150
As of: December 10, 2016

Town Center Rates

On average, listings lease in the $30's per square foot per year. The Town Center submarket is going through a an increase in rates. In the last 3 months, the median rate went up $2 per sqft per year. That's a 7% increase in rent.

Compared to the rest of the Metropolitan Los Angeles market, the Town Center region has greater rates, and you'll need to pay a premium to be in this hot submarket.

Town Center Listing Supply

In the last 90 days, 2 listings have come on the market, which means new listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 6,150 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are approximately 2 floors. Most buildings in this area were built in 2008 and are Class A.

Town Center Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this area. Most of the residents of Town Center work from home. Commuting around an hour and a half 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 Town Center.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Town Center.
Research