Pico Retail

1828 Broadway Unit C (Floor 2)
Pico, Santa Monica, CA
Creative exposed ceiling room, outdoor signage available, two operable windows overlooking Broadway street, super security of being an office within our office, great opportunity of having outdoor signage on a prime Santa Monica street, with only a small second floor office required, outdoor sign goes above retail glass doors on the first floor, office is private, with your own key; but you enter from our office first, and go past some of our people, you get two of the air conditioning vents, but we like to keep the windows open most of the year and just use fans, no smoking or smokers, main room is 600 sqft with open ceilingsand your office goes inside this, you can put a small sign in the hallway that goes upstairs, and on our office door on the second floor, since your office is inside our office, office space can include cable web if you want to use ours (TWC 15 meg down, 1.5 meg up), or you can have your own internet installed, you can also of course use your own cell/voip/computer/web, we have some overflow workstations you can rent as needed if you need more seats; these workstations would be outside of your private office, you can use our older printers and fax too, or just set up your own in your new office, office and parking is open from Monday to Saturday at 7am to 7pm, office and parking is closed on Sunday, if you want to put your name on our oversize mailbox downstairs, then we will get the mail and deliver it to your office and packages too, you can have one of the small mailboxes downstairs with a key, and get the mail yourself, if you need to meet people, you can bring them to your office, or meet them at the next door cafes, you share our bathroom, kitchen area, fridge/freezer, sink, coffee machine, water cooler, microwave and toaster oven, all utilities are included, except your own internet if you decide to not use ours, parking is not included because most people bike or walk, but two spots are available in the back of the building for $300 each per month, you install the office wall and any special things inside the office, we have a longtime good handyman who can install the wall for a really good price, and you get two of the air conditioning vents, but we like to keep the windows open most of the year and just use fans

Pico

Office Space Market Report

Number of Listings (last 90 days)
19
Median Rate ($/sqft/yr)
$63
Median Size (sqft)
2,700
As of: December 9, 2016

Pico Rates

Compared to the rest of the Metropolitan Los Angeles market, the Pico region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.

Pico Listing Supply

In the last 90 days, 23 listings have been made available, which means office spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 13% of the office spaces in the Pico 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 2,800 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are around 2 floors. Most buildings in this area were built in 1981 and are Class B.

Pico Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Pico occupants. 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 Pico.
Market Report

Market Data

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