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.
The 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
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
