Commercial Real Estate Market in South, CA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
6,355 active listings and 85,356 off-market properties in South, CA. Commercial property asks $363/SF to buy and $27.27/SF/Yr to lease.
Market Trends
Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in South, CA asks $23.40/SF/Yr to lease and $305/SF to buy. Vacancy runs 20.8% across the West region in 2025, up from 11% in 2019.
Retail
Retail space in South, CA asks $20.18/SF/Yr to lease and $510/SF to buy. Vacancy runs 5.8% across the West region in 2025, down from 7% in 2020.
Industrial
Industrial vacancy in South, 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 South, 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
Tools
Lease vs Buy Breakeven
At $27.27/SF/Yr lease vs $363/SF buy → buying wins if held > 2.6 years.
The comparison uses county-wide sale comps against South asking rents, so the implied 7.5% gross yield is computed off asking rents rather than a closed-deal cap-rate benchmark. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Gardena | $363 (county avg) | $15.45 |
| Compton | $363 (county avg) | — |
| Los Angeles | $363 (county avg) | $27.27 |
Commercial property in South, CA asks $363/SF. The 3 bordering markets run from $363/SF in Gardena to $363/SF in Gardena, 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 South?
Commercial property in South, CA asks an average of $363 per square foot. The 5 most recent recorded sales traded at a median of $221/SF, so asking sits 64% above the achieved median. Retail carries the highest asking price at $510/SF.
How much does it cost to lease commercial space in South?
Asking lease rates in South, CA average $27.27 per square foot per year. Office asks $23.40/SF/Yr as of Q2 26, down from $31.18/SF/Yr in Q1 26.
Is it cheaper to lease or buy commercial space in South?
Buying beats leasing in South, CA if the property is held longer than 2.6 years, comparing $27.27/SF/Yr asking rent with $363/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
How does South compare to nearby markets on price?
South, CA asks $363/SF against $363/SF in Gardena, $363/SF in Compton and $363/SF in Los Angeles.
Where does Realmo's South market data come from?
Realmo compiles South, CA figures from 7 recent recorded sales, 4,608 active sale listings, 1,747 active lease listings, 85,356 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 4,608 active for-sale and 1,747 active for-lease listings in South, 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
- the lease-vs-buy comparison mixes county-wide sale comps with city asking rents, 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
