On average, listings lease in the $90's per square foot per year. The Downtown Manhattan Beach region is seeing a an increase in rates. In the last 3 months, the median rate increased $95 per sqft per year.
Compared to the rest of the Metropolitan Los Angeles market, the Downtown Manhattan Beach submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 2 listings have been made available, which means listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 150% of the available leases in the Downtown Manhattan Beach are subleases, so you might be able to snag a great spot on a short term. 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 3,430 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are approximately 2 floors. Most buildings in this area were built in 1986 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Downtown Manhattan Beach residents. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.