Downtown Santa Monica Office Space

Downtown Santa Monica

Office Space Market Report

Number of Listings (last 90 days)
13
Median Rate ($/sqft/yr)
$91
Median Size (sqft)
2,990
As of: March 11, 2017

Downtown Santa Monica Rates

Most listings are in the $90's per square foot per year. The Downtown Santa Monica region is going through a decrease in rates. In the last 3 months, the median rate decreased $6 per sqft per year. That's a 7% decline in rent.

Downtown Santa Monica Listing Supply

In the last 90 days, 13 listings have been posted online, which means new availabilities are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 46% of the available leases in the Downtown Santa Monica are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 2,990 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are around 4 stories. Most buildings in this market were built in 1987 and are Class A.

Downtown Santa Monica Community

A large portion of this region is residential, but there's plenty of office_space. Real estate is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Downtown Santa Monica residents. Commuting under 5 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 Downtown Santa Monica.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Downtown Santa Monica.
Research