On average, listings lease in the $50's per square foot per year. The Manhattan Beach region is seeing a decline in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 9% decline in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Manhattan Beach submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 5 listings have been made available, which means new listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 20% of the listings in the Manhattan Beach are subleases, so you might be able to find a shorter term or below market rent. 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 2,930 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are around 6 floors. Most buildings in this region were built in 1985 and are Class B.