Commerce, CA Real Estate
The aptly named City of Commerce, CA is located adjacent to Los Angeles and is a relatively small town of about 12,000 people. Initially one of many farming and ranching villages in the 1800s, it expanded greatly in the 1940s as an industrial park for the growing war effort. Careful planning and forward-thinking allowed them to avoid the problems of de-industrialization that came in the 80s and 90s, and much of the area have switched to commercial use, most notably in the logistics industry. With Los Angeles nearby and numerous railroads having a terminus in Commerce, the city has become a hub for the Post Office, FedEx, UPS, and a number of smaller shippers and transporters who need to move goods in and out of Los Angeles. This has allowed Commerce to more easily and readily weather economic ups-and-downs, as well as provide consistent employment for the locals.
View current listings for real estate in Commerce, or read more about the city of Commerce.
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Commerce
Real Estate Statistics
| Average Price | $2.1M |
|---|---|
| Lowest Price | $0 |
| Highest Price | $18.8M |
| Total Listings | 12 |
| Avg. Days On Market | 79 |
| Avg. Price/SQFT | $655 |
Property Types (active listings)
Commerce Los Angeles County, CA - Businesses and Industry
Most notable among the industrial-to-commercial conversions in Commerce is the Citadel Outlet Mall, which is one of the largest malls in Los Angeles County, despite the competition from Los Angeles itself. Converted from old industrial buildings and an industrial park, the mall takes advantage of the fact that most major clothing, outlet, and electronics stores already ship goods through Commerce in order to serve the demand in Los Angeles. This results in increased selection and decreased price, to a level that is unprecedented in most similarly sized towns. The number of outlet malls in Commerce is beyond all proportion to the city's size, and it has become a "Shopping Retreat" for Angelinos eager to get out of town and chase after low prices and wide selection. This offers increased employment opportunities for citizens of Commerce, most notably for young workers who are new to the job market and lack experience and references. Commerce is also one of the few towns in Los Angeles County which permits gambling, although it is limited to the Commerce Casino.
The Housing Stock in Commerce Los Angeles County, CA
The residential portion of Commerce is primarily single-family housing, with a mixture of rental and occupier-owned homes. Despite the economic recession, renter and homeowner vacancy is very low, about 1%, which has helped to maintain housing prices. Although this may be inconvenient for some new residents, it ensures that purchasers of homes will retain their investment for years to come, even in the event of a recession. Because Commerce is a primarily Latino community with a large number of Spanish-speaking residents, most realtors offer bilingual services, helping recent immigrants to negotiate the complex world of renting and owning a home in America. Most of the houses in Commerce are designed to accommodate large families, complete with multiple bedrooms and bathrooms as well as ample living and cooking spaces.
For more information about Commerce Real Estate, please contact our office at 323 412-9060 (Los Angeles).