Northeast Santa Monica Office Space

Northeast Santa Monica

Office Space Market Report

Number of Listings (last 90 days)
4
Median Rate ($/sqft/yr)
$83
Median Size (sqft)
4,450
As of: March 12, 2017

Northeast Santa Monica Rates

On average, listings lease in the $80's per square foot per year. The Northeast Santa Monica submarket is going through a a boost in rates. In the last 3 months, the median rate went up $16 per sqft per year. That's a 24% increase in rent.

Compared to the rest of the Metropolitan Los Angeles market, the Northeast Santa Monica submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Northeast Santa Monica Listing Supply

In the last 90 days, 4 listings have been made available, which means office spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 25% of the available leases in the Northeast 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 posted, so finding a space for a small business might be tough.

Even though the median size is 4,450 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are close to 4 stories. Most buildings in this area were built in 1992 and are Class A.

Northeast Santa Monica Community

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 market. Commute by walking is the most popular way to get to work amongst Northeast Santa Monica folk. 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 Northeast Santa Monica.
Market Report

Market Data

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