Downtown Santa Monica Retail

Downtown Santa Monica

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 22, 2016

Downtown Santa Monica Rates

On average, listings lease in the $90's per square foot per year. The Downtown Santa Monica submarket is going through a a boost in rates. In the last 3 months, the median rate increased $8 per sqft per year. That's a 9% increase in rent.

Downtown Santa Monica Listing Supply

In the last 90 days, 9 listings have been posted online, which means listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 33% of the available space in the Downtown Santa Monica 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 2,850 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are approximately 4 stories. Most buildings in this market were built in 1987 and are Class A.

Downtown Santa Monica Community

A large portion of this region is residential, but there's plenty of office_space. Real estate is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Downtown Santa Monica occupants. Commuting under 5 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 Downtown Santa Monica.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Downtown Santa Monica.