Most listings are in the $50's per square foot per year. The South Park region is seeing a a rise in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 1% rise in rent.
Compared to the rest of the Metropolitan Los Angeles market, the South Park submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 311 listings have been listed, so you'll want to check back regularly for new listings. About 6% of the available leases in the South Park are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 20,000 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are close to 4 floors. Most buildings in this area were built in 1933 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Professional services is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst South Park occupants. 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 South Park.
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