On average, listings lease in the $30's per square foot per year. The Alhambra submarket is experiencing a a rise in rates. In the last 3 months, the median rate increased $12 per sqft per year. That's a 60% increase in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Alhambra region has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 3 listings have come on the market, which means new availabilities are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 33% of the office spaces in the Alhambra 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 available, so finding a space for a small business might be tough.
Even though the median size is 3,500 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are approximately 3 stories. Most buildings in this area were built in 1985 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Alhambra occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.