Commercial Real Estate Market in Santa Monica, CA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
248 active listings and 4,736 off-market properties in Santa Monica, CA. Commercial property asks $363/SF to buy and $12.88/SF/Yr to lease.
Market Trends
Santa Monica, CA spans 9.0 square miles in Los Angeles County, California. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Santa Monica, CA asks $305/SF to buy. Vacancy runs 20.8% across the West region in 2025, up from 11% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in West region
Retail
Retail space in Santa Monica, CA asks $510/SF to buy. Vacancy runs 5.8% across the West region in 2025, down from 7% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in West region
Industrial
Industrial vacancy in Santa Monica, CA runs 7.9% across the West region in 2025, up from 3.7% in 2019. Nearly 3.2x the 2022 low of 2.5%.
Vacancy Rate % in West region
Multifamily
Multifamily space in Santa Monica, CA asks $330/SF to buy. Vacancy runs 8.6% across the West region in 2025, up from 7% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in West region
Market overview
Demographics & Economy
Santa Monica, CA has 95,701 residents in 53,591 households. Density runs 10,679 people per square mile. Median household income here is $117,683 and median gross rent $2,366 a month.
95,701
Population
53,591
Households
1.8
Avg Household Size
42
Median Age
69%
College-Educated
95%
High-School Grad
9 sq mi
ZIP Area
10,679
Density / Sq Mi
$117,683
Median Household Income
$83,131
Median Earnings
$2,366
Median Rent
$1,597,292
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Marina del Rey | $363 (county avg) | — |
| Culver City | $363 (county avg) | $17.00 |
| Beverly Hills | $363 (county avg) | $65.93 |
Commercial property in Santa Monica, CA asks $363/SF. The 3 bordering markets run from $363/SF in Marina del Rey to $363/SF in Marina del Rey, and the city sits in line with their $363/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Santa Monica?
Commercial property in Santa Monica, CA asks an average of $363 per square foot. The 3 most recent recorded sales traded at a median of $588/SF. Retail carries the highest asking price at $510/SF.
How much does it cost to lease commercial space in Santa Monica?
Asking lease rates in Santa Monica, CA average $12.88 per square foot per year.
How does Santa Monica compare to nearby markets on price?
Santa Monica, CA asks $363/SF against $363/SF in Marina del Rey, $363/SF in Culver City and $363/SF in Beverly Hills.
Where does Realmo's Santa Monica market data come from?
Realmo compiles Santa Monica, CA figures from 4 recent recorded sales, 130 active sale listings, 118 active lease listings, 4,736 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 130 active for-sale and 118 active for-lease listings in Santa Monica, CA. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Price per square foot
- The county-level $/SF blends closed sales aggregated over the trailing months of available data, not a single day's snapshot — it can differ from any one month's own median.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at West region level, retail vacancy is reported at West region level and industrial vacancy is reported at West region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 30 September 2026 · report a data issue
