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Culver City Commercial Real Estate Lease Rates for 2019

Culver City Commercial Real Estate Lease Rates for 2019

The Culver City Commercial Real Estate Lease Rates for 2019 rates rose steadily from 2018 with several large new developments in pre-leasing, proximity to Silicon Beach and Playa Vista, and the Greater Los Angeles Commercial Real Estate Market ascendance pushing up monthly rental rates across the board.

The following summary report shows the 2019 lease rates  of office, retail, and industrial/flex properties as reported by CoStar. These properties in Culver City 90232, 90230, and 90066 represent the top 3 highest price per square foot leased spaces for this year for each property category.

In 2019, the highest rental rates were at the Culver City Steps ranging from $7 to $10 per square foot per month on a triple net (NNN) basis. The announced tenants are Mendocino Farms, CorePower Yoga, and Amazon Studios.

Contact Jon Varsano about additional information regarding leasing or renting commercial property in the Culver City area.

Culver City Steps Retail Leasing 2019The median rental rate per square foot is a highly effective method of comparing properties and markets. Industrial is $2.44. Retail is $5.00. Office is $3.65.

Retail Units – Culver City Commercial Real Estate Rental Rates

  • Low Price Per sq ft (For Lease): $1.50
  • Median Price per sq ft (For Lease): $5.00
  • High Price per sq ft (For Lease): $8.50
  • Months on Market: Average=9, Median=4

Top Retail Properties Leased for 2019

Culver Steps, 9300 Culver Blvd, Culver City CA 90232

  • Rental Rate ($/SF/Mo): $7.00 – $10.00 NNN

3821 Main St, Culver City CA 90232

  • Rental Rate ($/SF/Mo): $8.00 NNN

9345 Culver Blvd, Culver City CA 90232

  • Rental Rate ($/SF/Mo): $7.00 NNN

Hayden Tract Office and Industrial culver city commercial lease rates

Industrial and Flex Properties – Culver City Commercial Real Estate Lease Rates

  • Low Price Per sq ft (For Lease): $1.55
  • Median Price per sq ft (For Lease): $2.44
  • High Price per sq ft (For Lease): $4.50
  • Months on Market: Average=6, Median=4

Top Industrial and Flex Properties Leased for 2019

3578 Hayden Ave, Culver City CA 90232

  • Rental Rate ($/SF/Mo): $4.50 IG

5880 Blackwelder St, Culver City CA 90232

  • Rental Rate ($/SF/Mo): $3.95 NNN

Fox Hills, 5750-5770 Hannum Ave, Culver City CA 90230

  • Rental Rate ($/SF/Mo): $2.95 NNN

Office Buildings – Culver City Commercial Real Estate Lease Rates

  • Low Price Per sq ft (For Lease): $1.15
  • Median Price per sq ft (For Lease): $3.65
  • High Price per sq ft (For Lease): $12.80
  • Months on Market: Average=11, Median=5

Top Office Suites Leased for 2019

Eastham Station, 3523-3525 Eastham Dr, Culver City CA 90232

  • Rental Rate ($/SF/Mo): $5.50 MG

The Pterodactyl, Culver City CA 90232

  • Rental Rate ($/SF/Mo): $5.50 MG

Hayden/National, 3535 Hayden Ave, Culver City CA 90232

  • Rental Rate ($/SF/Mo): $5.20 MG

Jon Varsano

View all posts by Jon Varsano

Jon Varsano has been a licensed real estate agent for 25 years. He is the founder and primary commercial real estate broker for Vars Real Estate. His expertise of the Culver City and surrounding West Los Angeles communities are in invaluable resource to new property investors or those looking to sell existing properties.

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