Most listings are in the $50's per square foot per year. The Northeast Santa Monica submarket is seeing a a rise in rates. In the last 3 months, the median rate rose $58 per sqft per year.
Compared to the rest of the Metropolitan Los Angeles market, the Northeast Santa Monica region has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 4 listings have been posted online, which means new availabilities most likley are going fast. You'll want to be prepared to make an offer immediately. About 25% of the available space in the Northeast Santa Monica are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 spaces below 2,000 sqft. Most properties in this market are approximately 4 stories. Most buildings in this region were built in 1978 and are Class A.
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 area. Commute by walking is the most popular way to get to work amongst Northeast Santa Monica folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.