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The typical asking rate per commerial real estate listing leases is in the $30's per square foot per year. The Olympic Park region is going through a decrease in rates. In the last 3 months, the median rate for lease fell $24 per sqft per year.
Compared to the rest of the Metropolitan Los Angeles commercial real estate market, the Olympic Park region has greater rates for rent, and you may need to make a great offer to be in this hot region.
In the last 90 days, 14 commercial real estate listings have been made available, which means new availabilities are probably going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard size for office space in this area is around 330 sqft. Most buildings in this region are around 2 floors. Most buildings in this market were built around 1990 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Olympic Park residents. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Olympic Park.
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