On average, listings lease in the $20's per square foot per year. The Rancho Palos Verdes region is going through a decrease in rates. In the last 3 months, the median rate decreased $11 per sqft per year. That's a 29% decline in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Rancho Palos Verdes submarket has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 0 listings have been made available, which means spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About Inf% of the office spaces in the Rancho Palos Verdes are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 buildings in this region are around 2 stories. Most buildings in this region were built in 1985 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Rancho Palos Verdes folk. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.