On average, listings lease in the $20's per square foot per year. The Eastside Manhattan Beach submarket is going through a decline in rates. In the last 3 months, the median rate decreased $11 per sqft per year. That's a 31% decrease in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Eastside Manhattan Beach submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 2 listings have been made available, which means office spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. 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 2,500 sqft. Most buildings in this market are close to 20 floors. Most buildings in this region were built in 1987 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 car is the most popular way to get to work amongst Eastside Manhattan Beach occupants. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.