Downtown Santa Monica Sublease

Downtown Santa Monica

Office Space Market Report

Number of Listings (last 90 days)
13
Median Rate ($/sqft/yr)
$88
Median Size (sqft)
4,330
As of: August 19, 2017

Downtown Santa Monica Rates

Most listings are in the $80's per square foot per year. The Downtown Santa Monica submarket is going through a an increase in rates. In the last 3 months, the median rate went up $17 per sqft per year. That's a 24% rise in rent.

Downtown Santa Monica Listing Supply

In the last 90 days, 13 listings have been posted online, which means listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 46% of the office spaces in the Downtown Santa Monica are subleases, so you might be able to snag a great spot on a short term. 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 4,330 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are around 4 stories. Most buildings in this market were built in 1987 and are Class A.

Downtown Santa Monica Community

A large portion of this area is residential, but there's plenty of office_space. Real estate is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Downtown Santa Monica folk. Commuting under 5 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 Downtown Santa Monica.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Downtown Santa Monica.
Research