Most listings are in the $60's per square foot per year. The Northeast Santa Monica submarket is seeing a a rise in rates. In the last 3 months, the median rate rose $4 per sqft per year. That's a 6% increase in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Northeast Santa Monica region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 3 listings have come on the market, which means new availabilities most likley are going fast. You'll want to be prepared to make an offer immediately. About 33% of the office spaces in the Northeast 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 available, so finding a space for a small business might be tough.
Even though the median size is 3,080 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are around 4 floors. Most buildings in this area were built in 1992 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Northeast Santa Monica residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.