Downtown Santa Monica Sublease

Downtown Santa Monica

Office Space Market Report

Number of Listings (last 90 days)
11
Median Rate ($/sqft/yr)
$78
Median Size (sqft)
820
As of: January 23, 2017

Downtown Santa Monica Rates

The typical asking rate per listing is in the $70's per square foot per year. The Downtown Santa Monica submarket is going through a a boost in rates. In the last 3 months, the median rate rose $9 per sqft per year. That's a 13% rise in rent.

Downtown Santa Monica Listing Supply

In the last 90 days, 11 listings have come on the market, which means office spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 45% of the available leases in the Downtown Santa Monica 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 available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 820 sqft. Most properties in this region are close to 4 floors. 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 market. Commute by car is the most popular way to get to work amongst Downtown Santa Monica residents. 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