The typical asking rate per listing is in the $30's per square foot per year. The Torrance submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $15 per sqft per year. That's a 29% decrease in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Torrance region has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 104 listings have been listed, so you'll want to check back regularly for new listings. About 2% of the available leases in the Torrance are subleases, so you will probably have to focus your search on direct office leases. 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 1,950 sqft. Most buildings in this region are close to 2 floors. Most buildings in this region were built in 1985 and are Class B.
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 region. Commute by motorcycle is the most popular way to get to work amongst Torrance folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.