On average, listings lease in the $20's per square foot per year. The Rancho Mirage submarket is experiencing a a rise in rates. In the last 3 months, the median rate increased $4 per sqft per year. That's a 20% rise in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Rancho Mirage submarket has lower rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 3 listings have been posted online, which means new availabilities 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.
Even though the median size is 4,800 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are close to 2 floors. Most buildings in this area were built in 2002 and are Class Class A.
A large portion of this region is residential, but there's plenty of office_space. Health care is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Rancho Mirage folk. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.