For Sale
Santa Monica, CA
Commercial Real Estate Market Trends & Data
$833 per SF
Avg asking sale price
$54 per SF
Avg asking lease rate
5,176 SF
Avg unit lease size
13,518 SF
Avg building size for sale
5.29%
Average cap rate
Santa Monica's Demographic Profile
Santa Monica has 49,171 households and a median income of $107,023, providing context for rent absorption and tenant demand across retail and multifamily assets. A -1% five-year population trend is a key signal for evaluating long-term demand in this market.
| Key Demographic Metric | Value |
|---|---|
| Population | 96,463 |
| # Households | 49,171 |
| Median age | 43 |
| Median household income | $107,023 |
| Avg household size | 2.0 |
| Renter-occupied housing units | 36,158 |
| 5-year population change | -1% |
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↻ Updated Monthly{{marketTabDescriptions[activeMarketTab]}}
| Nearby Office Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Santa Monica | $887 | 17,064 SF | 7.00% |
| West Los Angeles | $675 | 15,448 SF | 7.00% |
| Mar Vista | $746 | 5,594 SF | 5.99% |
| Nearby Industrial Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Santa Monica | $1,063 | 20,252 SF | 6.52% |
| West Los Angeles | $695 | 23,767 SF | 6.52% |
| Nearby Retail Markets | Avg Cost/SF | Typical Size |
|---|---|---|
| Santa Monica | $1,136 | 8,872 SF |
| Venice | $1,629 | 6,104 SF |
| West Los Angeles | $711 | 11,972 SF |
| Mar Vista | $782 | 4,906 SF |
| Marina Del Rey | $918 | 6,959 SF |
| Nearby Multifamily Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Santa Monica | $658 | 8,305 SF | 9.19% |
| Venice | $795 | 5,013 SF | 6.78% |
| West Los Angeles | $504 | 8,872 SF | 9.19% |
| Mar Vista | $512 | 8,956 SF | 6.78% |
| Marina Del Rey | $894 | 7,568 SF | 5.64% |
Commercial Properties For Sale in Santa Monica
The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale
Average Price For Sale
↻ Updated MonthlyAverage Price For Lease
↻ Updated MonthlyNumber of Listings
↻ Updated MonthlyCap Rate
↻ Updated MonthlyHow Investors Evaluate Commercial Real Estate Markets
Nearby Commercial Markets
Comparing nearby markets helps investors see whether Santa Monica pricing and building scale sit above, below, or in line with surrounding areas.
| Commercial Markets | Avg Cost/SF | Average Size |
|---|---|---|
| Santa Monica | $833 | 13,518 SF |
| Venice | $1,020 | 5,061 SF |
| West Los Angeles | $621 | 18,007 SF |
| Mar Vista | $927 | 7,177 SF |
| Marina Del Rey | $927 | 6,044 SF |
Multifamily Properties For Sale in Santa Monica
For Sale
Regional Demographic Comparison
This comparison places Santa Monica alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Santa Monica or distributed across surrounding areas.
| City | Population | # Households | Age | Median Household Income | Avg Household Size | Renter Occupied Housing Units | Five Yr Pop Growth % |
|---|---|---|---|---|---|---|---|
| Santa Monica | 96,463 | 49,171 | 43 | $107,023 | 2 | 36,158 | -1% |
| West Los Angeles | 46,773 | 22,843 | 38 | $105,442 | 2 | 17,429 | -2% |
| Mar Vista | 58,895 | 25,514 | 40 | $100,556 | 2 | 16,121 | -2% |
| Marina Del Rey | 12,848 | 7,473 | 43 | $140,569 | 2 | 6,136 | -2% |
Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Santa Monica, CA and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.
FAQs About Commercial Investing in Santa Monica
View All Commercial Real Estate For Sale in Santa Monica
Is Santa Monica a good market for a first-time commercial real estate investor?
Santa Monica offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.
How can this market data help me decide whether to buy commercial property for my business in Santa Monica?
The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Santa Monica. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.
What should conservative investors focus on when evaluating commercial properties in Santa Monica?
Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Santa Monica. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.
How does Santa Monica compare to nearby commercial real estate markets?
Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Santa Monica. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.
How can this page support early-stage deal screening for Santa Monica acquisitions?
This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Santa Monica, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.
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