Tropico Sublease

Tropico

Office Space Market Report

Number of Listings (last 90 days)
2
Median Rate ($/sqft/yr)
$48
Median Size (sqft)
3,460
As of: June 23, 2017

Tropico Rates

Most listings are in the $40's per square foot per year. The Tropico region is experiencing a a rise in rates. In the last 3 months, the median rate went up $48 per sqft per year.

Compared to the rest of the Metropolitan Los Angeles market, the Tropico submarket has more expensive rates, and you'll need to make a great offer to be in this hot submarket.

Tropico Listing Supply

In the last 90 days, 2 listings have come on the market, which means new availabilities most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 100% of the office spaces in the Tropico 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 3,460 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are approximately 1 floors. Most buildings in this market were built in 1960 and are Class A.

Tropico Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this market. Commute by motorcycle is the most popular way to get to work amongst Tropico occupants. Commuting under 5 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 Tropico.
Market Report

Market Data

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