Palma Village Groves Sublease

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Palma Village Groves

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$21
Median Size (sqft)
1,200
As of: June 27, 2017

Palma Village Groves Rates

On average, listings lease in the $20's per square foot per year. The Palma Village Groves submarket is going through a a boost in rates. In the last 3 months, the median rate rose $21 per sqft per year.

Compared to the rest of the Metropolitan Los Angeles market, the Palma Village Groves submarket has lower rates, so you should have no trouble finding a great deal in this discounted region.

Palma Village Groves Listing Supply

In the last 90 days, 3 listings have been posted online, which means new listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 100% of the office spaces in the Palma Village Groves 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 posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,200 sqft. Most properties in this market are around 2 stories. Most buildings in this market were built in 1980 and are Class B.

Palma Village Groves Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Agriculture is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Palma Village Groves residents. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Palma Village Groves.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Palma Village Groves.
Research