On average, listings lease in the $50's per square foot per year. The Bayview region is seeing a an increase in rates. In the last 3 months, the median rate went up $10 per sqft per year. That's a 21% increase in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Bayview submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 15 listings have been listed, which means listings are probably going fast. You'll want to be prepared to make an offer immediately. 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 3,660 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are approximately 2 stories. Most buildings in this market were built in 1990 and are Class B.
A large portion of this region is residential, but there's plenty of office_space. Real estate is the dominant industry in this area. Most of the occupants of Bayview work from home. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.