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Most commerial real estate listings for lease are in the $40's per square foot per year. The Redondo Beach region is seeing a an increase in rates. In the last 3 months, the median rate for lease went up $11 per sqft per year. That's a 32% increase in rent.
Compared to the rest of the Metropolitan Los Angeles commercial real estate market, the Redondo Beach submarket has greater rates for rent, and you may need to make a great offer to be in this hot submarket.
In the last 90 days, 35 commercial real estate listings have been posted online, which means leases are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 3% of the available commercial real estate leases in the Redondo Beach 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 size for office space in this area is around 2,140 sqft. Most properties in this area are approximately 2 stories. Most buildings in this area were built around 1979 and are Class A.
Real time and historical data on commercial real estate listings in Redondo Beach.
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