Office Space Available in Downey:
- Size: 440 Square Feet
- Price: $1,500 Per Month
- Term: Gross Lease
Don’t let this amazing opportunity slip away! Now offering for lease is a conveniently positioned, modestly sized office space spanning 440 square feet. Situated strategically at the bustling entrance of Downey, right along the heavily traversed Florence Avenue, this prime location ensures maximum visibility and accessibility for businesses eager to leave a lasting impression. This office space boasts a move-in ready status, complete with upgraded amenities, private restrooms, and advanced surveillance cameras, all contributing to a safe and secure working environment.
With cleanliness being a top priority, tenants can anticipate a well-maintained workspace conducive to productivity. Plus, with the addition of recessed lighting, the ambiance is set to be enhanced even further. Conveniently located on the 2nd floor near the stairwell and restrooms, tenants will find ease in accessibility. Shared restrooms among tenants promote a collaborative atmosphere, making this space an ideal opportunity for businesses of all types to flourish. Don’t wait any longer – reach out now to secure your spot before it’s too late!
According to Crexi.com the following is Downey’s Office property stats:
Median Capitalization Rate in Downey is = 6%.
Average Price Per Square Foot in Downey is = $397.
Office Properties in Downey is = 137,676 Square Feet.
If you would like a market value and Capitalization rate calculation on any of your properties Call: Fernando Spindola, or use the contact form below.
In their July 2023 Commercial Real Estate Market Insights Office Properties info NAR.Realtor said:
Even though more people are going to their offices more often, the office sector still faces challenges. The office vacancy rate reached a new record high at 13.1% at the end of the year’s first half. With hybrid work arrangements allowing for a mix of in-person and remote work, a lot of office space is left empty. Meanwhile, in their effort to reduce their occupancy cost, tenants have decreased the average square footage per person leading to lower demand for space. The office sector is transforming to adapt to changing working arrangements and needs.