Northeast Santa Monica Sublease

Northeast Santa Monica

Office Space Market Report

Number of Listings (last 90 days)
4
Median Rate ($/sqft/yr)
$58
Median Size (sqft)
3,930
As of: May 21, 2017

Northeast Santa Monica Rates

Most listings are in the $50's per square foot per year. The Northeast Santa Monica submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $25 per sqft per year. That's a 30% decline in rent.

Compared to the rest of the Metropolitan Los Angeles market, the Northeast Santa Monica region has higher rates, and you'll have to negotiate above asking rent to be in this hot region.

Northeast Santa Monica Listing Supply

In the last 90 days, 4 listings have been made available, which means new listings might be going fast. 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.

Even though the median size is 3,930 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are around 4 floors. Most buildings in this area were built in 1978 and are Class A.

Northeast Santa Monica Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Northeast Santa Monica 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 Northeast Santa Monica.
Market Report

Market Data

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