Manhattan Beach Commercial Real Estate
Despite being relatively small, the City of Manhattan Beach offers office space, plenty of retail, and a thriving multifamily residential market. Whether you’re an investor looking to buy commercial real estate in the South Bay, or a business in need of leasing space to operate, we are only a phone call away and happy to help find you a place within our community.
Manhattan Beach Office Properties
Office property makes up the majority of commercial real estate inventory in Manhattan Beach. The City offers a high concentration of skilled professionals, so office real estate is in high demand. There are currently no available office buildings for sale in Manhattan Beach, but there are 14 listings on the market for lease. Lease rates per square foot range from $18 to $68 depending on quality, location, amenities, and lease terms.
Here’s a couple charts on Manhattan Beach Office prices, for leasing and buying:
Manhattan Beach Retail Properties
Retail space is the next most abundant commercial real estate type in Manhattan Beach. With so many affluent consumer-residents, it’s not wonder why businesses are willing to pay a premium to open shop here. There are currently 3 retail properties listed for sale in Manhattan Beach, with 8 retail spaces available for lease. Lease prices range from $16 per square foot per year, up to $42. If you want to buy retail space in town, prices range from a low of $319 per square foot, up to $1,683 per square foot. In dollar terms, the 3 retail spaces available to buy go from a low of $589,000 all the way up to $2,700,000.
Here are a couple graphs to show price movements in Manhattan Beach retail:
Manhattan Beach Multifamily Residential Property
Rental housing demand is perpetually strong in Manhattan Beach. Median rents for Single Family Residences (SFR’s) in Manhattan Beach are currently $5,200 per month. Granted, these rental rates are higher than you would see per unit in Multifamily Residential investment properties, so the data would need to be normalized.
High rents push multifamily residential properties to a premium in Manhattan Beach
Manhattan Beach Industrial Real Estate
The industrial real estate market for Manhattan Beach has no current activity – no spaces for lease, or for sale. Nonetheless, here’s a price snapshot of Manhattan Beach Industrial Property price history:
Manhattan Beach Land For Sale
Manhattan Beach is a densely packed, highly developed city, so empty land is rare. Currently, there’s one lot of empty Land For Sale in Manhattan Beach.
The lot is 0.51 acres, or 22,215 square feet, with an asking price of $4,995,000, or $225 per square foot.
Commercial Real Estate Resources:
Learn the Basics of Commercial Real Estate
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