Magnolia Center Sublease

Magnolia Center

Office Space Market Report

Number of Listings (last 90 days)
5
Median Rate ($/sqft/yr)
$29
Median Size (sqft)
2,280
As of: January 17, 2017

Magnolia Center Rates

On average, listings lease in the $20's per square foot per year. The Magnolia Center submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $6 per sqft per year. That's a 19% decrease in rent.

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

Magnolia Center Listing Supply

In the last 90 days, 6 listings have been listed, which means office spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,220 sqft. Most properties in this region are close to 2 stories. Most buildings in this area were built in 1975 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