On average, listings lease in the $30's per square foot per year. The Central Signal Hill region is seeing a a rise in rates. In the last 3 months, the median rate increased $37 per sqft per year.
Compared to the rest of the Metropolitan Los Angeles market, the Central Signal Hill region has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 4 listings have been listed, which means office spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 50% of the listings in the Central Signal Hill 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 posted, so finding a space for a small business might be tough.
Even though the median size is 4,000 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are approximately 1 stories. Most buildings in this area were built in 1979 and are Class C.
Public administration is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Central Signal Hill occupants. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.