On average, listings lease in the $20's per square foot per year. The North Redondo Beach region is experiencing a a rise in rates. In the last 3 months, the median rate increased $26 per sqft per year.
Compared to the rest of the Metropolitan Los Angeles market, the North Redondo Beach region has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 1 listings have come on the market, which means new listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 300% of the available space in the North Redondo Beach 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.
Even though the median size is 41,270 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are approximately 2 floors. Most buildings in this area were built in 1982 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 area. Commute by motorcycle is the most popular way to get to work amongst North Redondo Beach occupants. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.