On average, listings lease in the $40's per square foot per year. The North Redondo Beach region is seeing a an increase in rates. In the last 3 months, the median rate increased $42 per sqft per year.
Compared to the rest of the Metropolitan Los Angeles market, the North Redondo Beach submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 2 listings have come on the market, which means office spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 50% of the available space in the North 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 16,830 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are close to 2 stories. Most buildings in this region were built in 1982 and are Class B.
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 region. Commute by motorcycle is the most popular way to get to work amongst North Redondo Beach residents. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.