Downtown Santa Monica Office Space

Downtown Santa Monica

Office Space Market Report

Number of Listings (last 90 days)
17
Median Rate ($/sqft/yr)
$91
Median Size (sqft)
1,180
As of: February 20, 2017

Downtown Santa Monica Rates

On average, listings lease in the $90's per square foot per year. The Downtown Santa Monica submarket is experiencing a a boost in rates. In the last 3 months, the median rate went up $13 per sqft per year. That's a 16% rise in rent.

Downtown Santa Monica Listing Supply

In the last 90 days, 17 listings have been made available, which means new listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 41% of the office spaces in the Downtown Santa Monica are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,180 sqft. Most buildings in this region are close to 4 stories. Most buildings in this market were built in 1987 and are Class A.

Downtown Santa Monica Community

A large portion of this market 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 occupants. 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