Magnolia Center Office Space

Magnolia Center

Office Space Market Report

Number of Listings (last 90 days)
10
Median Rate ($/sqft/yr)
$17
Median Size (sqft)
1,300
As of: May 26, 2017

Magnolia Center Rates

The typical asking rate per listing is in the $10's per square foot per year. The Magnolia Center region is seeing a decrease in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 22% decline in rent.

Compared to the rest of the Metropolitan Los Angeles market, the Magnolia Center region 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 posted online, which means new listings are probably going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,300 sqft. Most buildings in this area are approximately 2 stories. Most buildings in this area were built in 1975 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 residents. 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