On average, listings lease in the $30's per square foot per year. The Downtown Long Beach region is seeing a an increase in rates. In the last 3 months, the median rate increased $4 per sqft per year. That's a 14% increase in rent.
In the last 90 days, 22 listings have been listed, which means listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 159% of the office spaces in the Downtown Long Beach 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.
The standard measurement for office space in this area is around 1,980 sqft. Most buildings in this market are around 6 floors. Most buildings in this region were built in 1975 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Downtown Long Beach residents. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.