The typical asking rate per listing is in the $20's per square foot per year. The North Redondo Beach submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $16 per sqft per year. That's a 38% decrease in rent.
Compared to the rest of the Metropolitan Los Angeles market, the North Redondo Beach region has lower rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 1 listings have been made available, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. About 100% of the available space in the North Redondo Beach are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet available, 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 buildings in this area are close to 2 floors. Most buildings in this market 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 folk. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.