Please provide a location to search for

Commercial Real Estate in Redondo Beach, CA - 25 Properties Available

Redondo Beach, CA Economic Overview

Location Photo

Redondo Beach is one of three Beach Cities located in the South Bay part of Los Angeles County. The City’s primary attractions include Municipal Pier, which encompasses a small business district and an eclectic mix of specialty shops, restaurants and services known as the Riviera Village. The Pier remains highly popular with tourists and a variety of sports enthusiasts. Surfing is an element of the South Bay lifestyle year-round, with winter storms often turning South Bay waves into a surfer’s paradise. The City is a mostly residential community, with a highly-educated and diverse workforce, and home to over 69,400 residents. Redondo Beach commercial real estate is uniquely situated between the largest airport and seaport in California, offering a great place to work, live, and do business on the Californian coast.

The economic base of Redondo Beach is distinguished by its significant concentration of employment and retail activity in the northern-most industrial complex anchored by Northrop Grumann. Northrop Grumann is a leading global aerospace and defense/security technology company, catering to government and commercial customers. The company employs over 16% of the Redondo Beach workforce, and is the fifth-largest defense contractor in the world. The East end of the city is largely employed by the South Bay Galleria, and the Harbor and Pier contribute to the City’s economy as popular tourist and fishing destinations. The large base of aerospace and engineering professionals has enabled Redondo to host a highly affluent community with a median household income of over $105,145. In addition to Northrop Grumann, the largest employers in the City include Redondo Beach Unified School District, City of Redondo Beach, Crowne Plaza, and the Cheesecake Factory.

Redondo Beach, CA Commercial Real Estate Market

Most of the city’s office buildings are located in Northern Redondo, whereas the Redondo Beach retail scene is concentrated in Southern Redondo along the Marina, Harbor, and Pier. Northern Redondo also includes Artesia Boulevard, a pedestrian-friendly business corridor that begins on the west and ends at Aviation Boulevard and ends at the east end with the South Bay Galleria at Hawthorne Boulevard.

North Redondo is an inland community separated from the beachfront by Hermosa Beach and Manhattan Beach. The North Redondo office market contains some of the city’s major industrial and commercial space, including the inland aerospace and engineering firms associated with Southern California’s long space legacy. North Redondo is also home to the South Bay Galleria shopping center, with over 140 retailers, and a revitalized Artesia Boulevard, Redondo Beach Performing Arts Center, and a diverse range of other cultural and entertainment venues placed among premium office space.

Redondo Beach, CA Office Sales Volume

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

Redondo Beach, CA Office Transactions

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

Redondo Beach, CA Commercial Inventory Breakdown

Office Spaces

Total: 904,657 SF

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

By square footage range:

  • 50k to 100k SF: 346,658 SF / 38.32% of total office
  • 100k to 500k SF: 557,999 SF / 61.68% of total office

By class:

  • Class A: 86,400 SF / 9.55% of total office
  • Class B: 606,257 SF / 67.02% of total office

Industrial

Total: 874,663 SF

Data provided by Yardi Matrix, properties over 50k SF

By square footage range:

  • 50k to 100k SF: 98,996 SF / 11.32% of total industrial
  • 100k to 500k SF: 775,667 SF / 88.68% of total industrial

By class:

  • Class A: 98,996 SF / 11.32% of total industrial
  • Class B: 775,667 SF / 88.68% of total industrial

Office Spaces with Retail

Total: 636,375 SF

Data provided by Yardi Matrix, properties over 50k SF

By square footage range:

  • 50k to 100k SF: 156,497 SF / 24.59% of total office with retail
  • 100k to 500k SF: 479,878 SF / 75.41% of total office with retail

Employment in Redondo Beach, CA

Employment

The City is home to a number of employers primarily concentrated in the retail and aerospace sectors. There are approximately 1,590 home-based businesses that operate within the city limits and a total 9,648 companies with business in Redondo Beach. The City and surrounding area enjoy a low unemployment rate at 2.5%, compared to 2.8% in nearby Torrance and 1.7% in Manhattan Beach. In the Los Angeles County, the occupations with the fastest project job growth over the next decade include Office and Administrative Support, Food Preparation and Service, Personal Care and Service, and Management.

According to the Bureau of Labor Statistics, the industries in the Los Angeles-Long Beach- Glendale, CA area with the highest employment numbers include:

  • Trade, Transportation, and Utilities—currently employs 820,900, growing at 0.2% per year
  • Education and Health Service—currently employs 781,000, growing at 2.6% per year
  • Professional and Business Services—currently employs 615,900, growing at 3.1% per year

Education in Redondo Beach, CA

The city is served by the Redondo Beach Unified School District, with eight established elementary schools, two middle schools, and one main high school. Redondo Union High School is the zoned high school, with the adjoining campus of Redondo Shores High School located to the west of the Redondo Union High School main grounds serving as a continuation school. The Redondo Beach Learning Academy day school for grades 9-12 is also located on the Redondo Shores High School premises, and the campus is the designated independent studies program of the Redondo Beach Unified School District. Valor Christian Academy (formerly Coast Christian School) is in Redondo Beach.

There are approximately 127 colleges within 50 miles of Redondo Beach. The nearest college is El Camino Community College District at a distance of 3.5 miles from Redondo Beach center. Other nearby options include Argosy University Los Angeles, ITT Technical Institute Torrance, and Westwood College South Bay in nearby Torrance. One of California’s largest universities, University of California, Los Angeles, is just 15 miles away, and enrolls over 41,000 students each year.

Commuting Time in Redondo Beach, CA

A major hot spot for tourists and businesses alike, Redondo Beach has several options to getting into and around the City. The Transit Division of the City of Redondo Beach Community Services Department operates Beach Cities Transit (BCT) and the WAVE Dial-A- Ride services. All BCT vehicles are powered by compressed natural gas.

  • For drivers, Downtown Los Angeles is about 50 minutes away by car via Interstate 110 N.
  • BCT serves the South Bay region. BCT's service area includes Redondo Beach, Hermosa Beach, Manhattan Beach, El Segundo and LAX. Line 102 serves Redondo Beach Pier, Civic Center, Redondo Union High School, Beach Cities Health District, South Bay Galleria, aerospace companies in North Redondo and Redondo Beach Green Line station. Line 109 serves Riviera Village, Pier Avenue in Hermosa Beach, Downtown Manhattan Beach, Downtown El Segundo, Douglas Green Line Station, The Pointe, Plaza El Segundo, Aviation/LAX Green Line station, and the LAX Bus Center.
  • Operating since 1987, the WAVE is a Senior and Disabled curb-to- curb paratransit service operating through a cooperative partnership between the City of Redondo Beach and the City of Hermosa Beach.
  • Other public transit options throughout the County include MTA, the major operator of bus and rail service, Access Services, Metrolink, Torrance Transit, GTrans, and LADOT to surrounding areas outside of Redondo Beach.
  • Redondo Beach is conveniently located nearby two main airports. Los Angeles International (LAX) is just 15 minutes away by car, with Long Beach Airport just 30 minutes away, as well.

Employees in Redondo Beach have an average commute time of 25.9 minutes, which is slightly longer than the national average of 24.8 minutes. The largest share of workers drives alone, followed by those who work at home and carpool.

Redondo Beach Demographics

Population

  • Total Population67,950
  • Male Population(50.7 %) 34,482
  • Female Population(49.3 %) 33,468
  • Median Age40.20

Income/Financial

  • Average Household Income$134,928
  • Median Household Income$104,548
  • Median Income Under 25$34,716
  • Median Income 25-44$120,958
  • Median Income 45-64$115,906
  • Median Income Over 65$60,215

COMMERCIALCafé is your first and only stop when it comes to commercial real estate leasings in Redondo Beach, CA. Search through our extensive selection of commercial properties for lease with current space availability in the area ranging between 12043 square feet and 30354 square feet. Discover the right property from our 25 listings by using our advanced search function, which includes search by property type, space availability, management company, lease rates, and more.