Torrance Retail

Torrance

Office Space Market Report

Number of Listings (last 90 days)
101
Median Rate ($/sqft/yr)
$36
Median Size (sqft)
1,910
As of: February 18, 2017

Torrance Rates

On average, listings lease in the $30's per square foot per year. The Torrance submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $15 per sqft per year. That's a 29% decline in rent.

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

Torrance Listing Supply

In the last 90 days, 101 listings have been made available, so you'll want to check back regularly for new listings. About 2% of the office spaces in the Torrance are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 1,910 sqft. Most properties in this market are close to 2 stories. Most buildings in this region were built in 1985 and are Class B.

Torrance Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this market. Commute by motorcycle is the most popular way to get to work amongst Torrance 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 Torrance.
Market Report

Market Data

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