Most listings are in the $50's per square foot per year. The South Coast Metro submarket is going through a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 2% decline in rent.
Compared to the rest of the Metropolitan Los Angeles market, the South Coast Metro region has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 15 listings have come on the market, which means office spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 3,920 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are approximately 12 stories. Most buildings in this market were built in 1984 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Real estate is the dominant industry in this region. Commute by motorcycle is the most popular way to get to work amongst South Coast Metro occupants. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.