Lake Balboa Retail

Lake Balboa

Office Space Market Report

Number of Listings (last 90 days)
5
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
1,020
As of: July 25, 2017

Lake Balboa Rates

On average, listings lease in the $20's per square foot per year. The Lake Balboa submarket is going through a decrease in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 9% decrease in rent.

Compared to the rest of the Metropolitan Los Angeles market, the Lake Balboa region has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.

Lake Balboa Listing Supply

In the last 90 days, 5 listings have been made available, which means new listings are probably going fast. You'll want to be prepared to make an offer immediately. About 120% of the office spaces in the Lake Balboa 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 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 1,020 sqft. Most buildings in this region are around 2 floors. Most buildings in this region were built in 1978 and are Class C.

Lake Balboa Community

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 market. Commute by taxi is the most popular way to get to work amongst Lake Balboa 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 Lake Balboa.
Market Report

Market Data

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