Magnolia Center Office Space

Magnolia Center

Office Space Market Report

Number of Listings (last 90 days)
10
Median Rate ($/sqft/yr)
$34
Median Size (sqft)
19,250
As of: July 22, 2017

Magnolia Center Rates

Most listings are in the $30's per square foot per year. The Magnolia Center submarket is going through a a rise in rates. In the last 3 months, the median rate increased $17 per sqft per year. That's a 105% increase in rent.

Compared to the rest of the Metropolitan Los Angeles market, the Magnolia Center submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.

Magnolia Center Listing Supply

In the last 90 days, 10 listings have been made available, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. About 20% of the available leases in the Magnolia Center 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 19,250 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are around 2 floors. Most buildings in this market were built in 1978 and are Class C.

Magnolia Center Community

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 market. Commute by bike is the most popular way to get to work amongst Magnolia Center occupants. Commuting between 30 and 45 minutes 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 Magnolia Center.
Market Report

Market Data

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