On average, listings lease in the $40's per square foot per year. The Downtown Ventura submarket is experiencing a a rise in rates. In the last 3 months, the median rate increased $42 per sqft per year.
Compared to the rest of the Metropolitan Los Angeles market, the Downtown Ventura submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 1 listings have come on the market, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. 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 4,680 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are approximately 4 floors. Most buildings in this market 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.