On average, listings lease in the $50's per square foot per year. The Manhattan Beach submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 9% decline in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Manhattan Beach region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 4 listings have come on the market, which means new listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 25% of the listings in the Manhattan 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 2,930 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are close to 6 floors. Most buildings in this area were built in 1985 and are Class B.