The typical asking rate per listing is in the $30's per square foot per year. The Downtown Long Beach region is seeing a a rise in rates. In the last 3 months, the median rate increased $6 per sqft per year. That's a 23% rise in rent.
In the last 90 days, 22 listings have come on the market, which means new listings are probably going fast. You'll want to be prepared to make an offer immediately. About 173% of the office spaces in the Downtown Long Beach 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.
The standard measurement for office space in this area is around 2,120 sqft. Most properties in this region are close to 6 floors. Most buildings in this market were built in 1975 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Downtown Long Beach folk. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.