On average, listings lease in the $20's per square foot per year. The Redondo Beach submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $33 per sqft per year. That's a 56% decrease in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Redondo Beach submarket has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 2 listings have been posted online, which means leases are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 50% of the office spaces in the Redondo 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.
Even though the median size is 41,270 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are around 2 floors. Most buildings in this region were built in 1981 and are Class B.