Vernon Sublease

Vernon

Office Space Market Report

Number of Listings (last 90 days)
6
As of: December 8, 2016

Vernon Office & Commercial Space

Located only five miles south of downtown Los Angeles, the city of Vernon is one of the smallest communities in the state of California at large. Featuring a population of less than 200, Vernon provides residents and business owners with a ‘small-town’ experience that is unlikely any other to be found in the Greater Los Angeles area. Rental properties for lease here, including office space for rent and commercial space for rent, may be somewhat difficult to find within the city limits. That being said, these properties, as well as those found in the neighborhood zones of surrounding communities, provide ample opportunities for future development and growth.

Vernon Economic Overview

On an economic level, the city of Vernon is largely homogenous, with the vast majority of business situated here related to warehousing and manufacturing. It is interesting to note that the housing found in Vernon is owned by the city itself. The employees of the numerous corporations and business represented in Vernon live in these quarters and work in the warehouses being developed and operated here. Although economic activity remains high here, the relatively high price for utilities has caused many businesses to relocate, resulting in somewhat damaged economic health for the city at large. Nevertheless, the city continues to produce nearly a $250,000,000 of revenue on annual basis. Median household income levels in Vernon are nearly $63,000.

Vernon At A Glance

Due to the small size of the community, much of the policy making and legislation passed within Vernon has occurred following uncontested election races. a practice which occurred between the years of 1980 to 2006. Vernon’s credibility was marred by a series of corruption scandals and accusations that occurred following allegations that a former city official had misappropriated public funds for personal gain. This incident, in conjunction with soaring electricity rates, led to notable damage to the financial health of the community. Nevertheless, Vernon remains a hub of manufacturing and corporate logistics and is likely to remain so for years to come.

Where To Lease In Vernon

Given the severe limitations facing business owners seeking to discover viable properties for lease in Vernon, it is highly advised that those who are considering renting here also look for suitable properties in surrounding communities. Given the fact that utility rates continue to increase in Vernon, those who are in the early stages of their business development may be unable to sustain their enterprises and maintain financial health.

Market Report

Trends and status of the commercial real estate market in Vernon.
Market Report

Market Data

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

Vernon Submarkets