Downtown Santa Monica Retail

Downtown Santa Monica

Office Space Market Report

Number of Listings (last 90 days)
13
Median Rate ($/sqft/yr)
$71
Median Size (sqft)
4,360
As of: June 27, 2017

Downtown Santa Monica Rates

Most listings are in the $70's per square foot per year. The Downtown Santa Monica region is experiencing a a boost in rates. In the last 3 months, the median rate went up $71 per sqft per year.

Downtown Santa Monica Listing Supply

In the last 90 days, 13 listings have been posted online, which means leases might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 100% of the office spaces 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 available, so finding a space for a small business might be tough.

Even though the median size is 4,360 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are close to 4 floors. Most buildings in this market were built in 1987 and are Class A.

Downtown Santa Monica Community

A large portion of this market is residential, but there's plenty of office_space. Real estate is the dominant industry in this region. 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.
Research