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LEASE ANALYTICS   |    BASED ON CURRENT OF 800 - 1,200 SQFT RETAIL FOR SANTA MONICA (WILSHIRE BLVD CORRIDOR), CA 

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RENTAL RATE

Current Avg $4.38 plus NNN (?)

3 year avg $4.32

5 year avg $4.22

Rental Rate Range:

$3.58+NNN - $8.17+NNN (?)

VACANCY RATE

Current Avg 35.44%

3 year avg 27.52%

5 year avg 22.83%

MORE STATS

 

Lease Renewal Rate

     - Last 24 months: 3.00%

Population Growth

     - +.60%

                                                      updated March 2021

DEMOGRAPHICS   |    BASED ON A 1 MILE RADIUS OF 2319 WILSHIRE BLVD, SANTA MONICA, CA 

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POP. GROWTH

2020 Population                   35,288

% Pop Growth 2010 - 2020     0.26

% Pop Growth 2020 - 2025    -0.36

2020 Med Age                         41.5

HOUSEHOLDS

2020 Households                 17,291

% HH Growth 2010 - 2020      0.19

% HH Growth 2020 - 2025     -0.67

INCOME

2020 Median HH Income       98,088

2020 Med Home Value    $1,028,287

 

Total Employees