Magnolia Center Sublease

Magnolia Center

Office Space Market Report

Number of Listings (last 90 days)
10
Median Rate ($/sqft/yr)
$17
Median Size (sqft)
1,300
As of: May 26, 2017

Magnolia Center Rates

The typical asking rate per listing is in the $10's per square foot per year. The Magnolia Center submarket is going through a decline in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 22% decrease in rent.

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

Magnolia Center Listing Supply

In the last 90 days, 10 listings have been made available, which means listings 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 1,300 sqft. Most buildings in this market are approximately 2 floors. Most buildings in this region 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