On average, listings lease in the $30's per square foot per year. The Downtown Ventura submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $6 per sqft per year. That's a 12% decrease in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Downtown Ventura region has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 5 listings have been listed, which means spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 20% of the listings in the Downtown Ventura 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 4,820 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are approximately 4 stories. Most buildings in this region were built in 1936 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this region. Most of the occupants of Downtown Ventura work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.