On average, listings lease in the $130's per square foot per year. The Downtown Manhattan Beach region is going through a a rise in rates. In the last 3 months, the median rate rose $135 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 submarket.
In the last 90 days, 2 listings have been posted online, which means leases most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 4,600 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are around 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 market. Commute by public transit is the most popular way to get to work amongst Downtown Manhattan Beach folk. Commuting around an hour a day is the norm for those who opt to reside in this part of town.