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451 Commercial Real Estate Listings in Commerce, CA

Commerce, CA Commercial Real Estate

There are currently 450 commercial listings available in Commerce, CA. These listings include 66 commercial spaces that encompass a total of 2,090,885 square feet. Available commercial spaces in Commerce, CA range in size from 577 square feet to 210,952 square feet. A total of 406 off-market commercial properties located in Commerce, CA are also available for research.

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Commerce, CA Economic Overview

Location Photo

Commerce, also known as “City of Commerce,” is located in southeast Los Angeles County and occupies roughly 6.540 square miles. Over 60,000 people work in what is dubbed “The Model City”, for the above average amenities the location provides. One such amenity is its 44.2 acres of parks, which include recreational facilities like a fitness center, tennis/racquetball courts and an aquatic center. The Commerce, CA commercial real estate market is among the most attractive in the country.

Roughly 60% of Commerce, CA real estate is devoted to industries like manufacturing, retail, transportation, and administrative and governmental public facilities. There is no gross receipt or property taxes in Commerce, which is in keeping with its pro-business stance. While Commerce does not have Foreign Trade Zone status, like some of its neighbors, it does have pro-business incentives like Industrial Development Bonds (IDB).

Commerce invests about $61 million annually to maintain and improve its public infrastructure, in an effort to preserve the quality of life of its residents and workers.

Commerce, CA Commercial Real Estate Market

The local commercial real estate market serves retail, commercial entertainment, public facilities and public transportation, and, to a greater extent, industrial manufacturing. In fact, a lot of the properties here are mixed-use.

2410 Yates Avenue is among the largest commercial properties in this market–at 900,000 square feet, the property’s tenants include AT&T, Gibson Overseas Inc., and Westworks Credit Union. Commerce Casino is about 91,694 square feet of Commerce office space and includes the full-service, 200-room Crowne Plaza Hotel which has its own dining facilities, retail establishments, and entertainment venues.

Notable retail properties include Citadel Outlets, part of a commercial development that encompasses a hotel and four office buildings.

Commerce, CA Office Rental Rates ($/SF/year)

Data provided by Yardi Matrix, for properties larger than 50K SF.

Commerce, CA Office Sales

Data provided by Yardi Matrix, for properties larger than 50K SF, which sold at over $5M.

Commerce, CA Commercial Inventory Breakdown

Office Spaces

Total: 1,794,586 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail

By square footage range:

  • 50k to 100k SF: 828,448 SF / 46.16% of total office
  • 100k to 500k SF: 966,138 SF / 53.84% of total office

By class:

  • Class A: 93,873 SF / 5.23% of total office
  • Class B: 1,145,371 SF / 63.82% of total office
  • Class C: 485,342 SF / 27.04% of total office

Industrial

Total: 34,187,478 SF

Data provided by Yardi Matrix, properties over 50k SF

By square footage range:

  • 50k to 100k SF: 7,128,961 SF / 20.85% of total industrial
  • 100k to 500k SF: 22,073,541 SF / 64.57% of total industrial
  • 500k to 1M SF: 4,984,976 SF / 14.58% of total industrial

By class:

  • Class A: 5,132,604 SF / 15.01% of total industrial
  • Class B: 25,334,129 SF / 74.1% of total industrial
  • Class C: 3,720,745 SF / 10.88% of total industrial

Office Spaces with Retail

Total: 1,737,353 SF

Data provided by Yardi Matrix, properties over 50k SF

By square footage range:

  • 100k to 500k SF: 1,737,353 SF / 100% of total office with retail

Employment in Commerce, CA

Employment

The biggest employer in Commerce is the Commerce Casino. It is the world’s largest cardroom, with over 240 tables. The casino employs over 2,000 people and accounts for roughly 38% of the city’s tax revenues and almost $22 million a year in licensing fees.

Commerce itself is the next largest employer, followed by Computer Science Engineering, Community/Social Services, Legal Services, and Art, Sports, and Entertainment. The median household income in Commerce, CA is almost $50,000.

Education in Commerce, CA

Commerce is part of the Montebello Unified School, with two elementary schools that serve Commerce: Bandini Elementary School located in the city and Suva Elementary School in nearby Bell Gardens.

Bell Gardens is also home to the intermediate schools that serve Commerce.

Three high schools serve Commerce: Bell Gardens High School in Bell Gardens, Montebello High School, and Schurr High School in Montebello.

Commuting Time in Commerce, CA

Commerce, CA residents expect a longer commute, of 27 minutes, which is above the national average of 24.8 minutes. Super-commutes of 90+ minutes are experienced by 2.85% of the Commerce workforce. Roughly 2.61% of the population uses public transit.

Commerce has free public transit, which is completely paid for by tax revenue–this includes bus routes and commuter shuttles. In addition, L.A.’s Metrolink has a stop in Commerce.

Commerce Demographics

Population

  • Total Population12,830
  • Male Population(48.7 %) 6,251
  • Female Population(51.3 %) 6,579
  • Median Age35.50

Income/Financial

  • Average Household Income$64,800
  • Median Household Income$47,518
  • Median Income Under 25$40,900
  • Median Income 25-44$46,987
  • Median Income 45-64$61,429
  • Median Income Over 65$34,750