Magnolia Center Sublease

Magnolia Center

Office Space Market Report

Number of Listings (last 90 days)
10
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
1,910
As of: June 22, 2017

Magnolia Center Rates

On average, listings lease in the $20's per square foot per year. The Magnolia Center region is seeing a an increase in rates. In the last 3 months, the median rate went up $22 per sqft per year.

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

Magnolia Center Listing Supply

In the last 90 days, 10 listings have been listed, which means leases are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 60% of the available space in the Magnolia Center 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 1,300 sqft. Most properties in this region are close to 2 stories. Most buildings in this area were built in 1978 and are Class C.

Magnolia Center Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Magnolia Center occupants. Commuting between 30 and 45 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 Magnolia Center.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Magnolia Center.
Research