The typical asking rate per listing is in the $50's per square foot per year. The Grant Park submarket is experiencing a a rise in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 1% increase in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Grant Park region has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 177 listings have been posted online, so you'll want to check back regularly for new listings. About 11% of the office spaces in the Grant Park are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,620 sqft. Most properties in this market are around 4 stories. Most buildings in this market were built in 1967 and are Class B.
A large portion of this area is residential, but there's plenty of office_space. Finance and insurance are the dominant industries in this market. Commute by car is the most popular way to get to work amongst Grant Park residents. Commuting approximately 30 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 Grant Park.
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