Magnolia Center Retail

Magnolia Center

Office Space Market Report

Number of Listings (last 90 days)
10
Median Rate ($/sqft/yr)
$21
Median Size (sqft)
1,210
As of: March 12, 2017

Magnolia Center Rates

The typical asking rate per listing is in the $20's per square foot per year. The Magnolia Center submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $8 per sqft per year. That's a 27% decrease in rent.

Compared to the rest of the Metropolitan Los Angeles market, the Magnolia Center region has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.

Magnolia Center Listing Supply

In the last 90 days, 10 listings have been listed, which means office spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,210 sqft. Most buildings in this region are approximately 2 stories. Most buildings in this region were built in 1975 and are Class C.

Magnolia Center Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Magnolia Center folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Magnolia Center.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Magnolia Center.
Research