Torrance Office Space

Torrance

Office Space Market Report

Number of Listings (last 90 days)
78
Median Rate ($/sqft/yr)
$51
Median Size (sqft)
1,820
As of: December 9, 2016

Torrance Rates

The typical asking rate per listing is in the $50's per square foot per year. The Torrance submarket is seeing a an increase in rates. In the last 3 months, the median rate increased $18 per sqft per year. That's a 55% rise in rent.

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

Torrance Listing Supply

In the last 90 days, 79 listings have been listed, so you'll want to check back regularly for new listings. About 10% of the available leases in the Torrance are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,740 sqft. Most properties in this market are around 2 stories. Most buildings in this market were built in 1985 and are Class B.

Torrance Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this region. Commute by motorcycle is the most popular way to get to work amongst Torrance residents. 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 Torrance.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Torrance.
Research