Downtown Santa Monica Office Space

Downtown Santa Monica

Office Space Market Report

Number of Listings (last 90 days)
12
Median Rate ($/sqft/yr)
$70
Median Size (sqft)
2,990
As of: December 4, 2016

Downtown Santa Monica Rates

The typical asking rate per listing is in the $60's per square foot per year. The Downtown Santa Monica submarket is seeing a a boost in rates. In the last 3 months, the median rate increased $6 per sqft per year. That's a 10% rise in rent.

Downtown Santa Monica Listing Supply

In the last 90 days, 12 listings have been posted online, which means new listings most likley are going fast. You'll want to be prepared to make an offer immediately. About 25% of the listings 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 leases below 2,000 sqft. Most properties in this area are close to 4 stories. Most buildings in this area were built in 1987 and are Class A.

Downtown Santa Monica Community

A large portion of this area 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 folk. 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