The typical asking rate per listing is in the $30's per square foot per year. The Cypress submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $16 per sqft per year. That's a 74% increase in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Cypress region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 5 listings have been listed, which means listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 60% of the office spaces in the Cypress 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 posted, so finding a space for a small business might be tough.
Even though the median size is 15,000 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are approximately 2 floors. Most buildings in this market were built in 1987 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 market. Commute by motorcycle is the most popular way to get to work amongst Cypress residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.