On average, listings lease in the $70's per square foot per year. The Eastern Malibu region is experiencing a a boost in rates. In the last 3 months, the median rate increased $26 per sqft per year. That's a 48% increase in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Eastern Malibu submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 1 listings have been listed, which means leases are probably 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 3,140 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are approximately 2 stories. Most buildings in this region were built in 1980 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Eastern Malibu occupants. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.