Torrance Sublease

Torrance

Office Space Market Report

Number of Listings (last 90 days)
104
Median Rate ($/sqft/yr)
$36
Median Size (sqft)
1,900
As of: February 26, 2017

Torrance Rates

The typical asking rate per listing is in the $30's per square foot per year. The Torrance submarket is going through a decline in rates. In the last 3 months, the median rate decreased $15 per sqft per year. That's a 29% decline in rent.

Compared to the rest of the Metropolitan Los Angeles market, the Torrance region has greater rates, and you'll need to make a great offer to be in this hot region.

Torrance Listing Supply

In the last 90 days, 104 listings have come on the market, so you'll want to check back regularly for new listings. About 2% of the office spaces in the Torrance are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,900 sqft. Most properties in this region are close to 2 stories. Most buildings in this area were built in 1985 and are Class B.

Torrance Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this area. Commute by motorcycle is the most popular way to get to work amongst Torrance residents. 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 Torrance.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Torrance.
Research