The typical asking rate per listing is in the $50's per square foot per year. The South Lake region is experiencing a a rise in rates. In the last 3 months, the median rate went up $2 per sqft per year. That's a 5% rise in rent.
Compared to the rest of the Metropolitan Los Angeles market, the South Lake submarket has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 187 listings have been listed, so you'll want to check back regularly for new listings. About 6% of the available leases in the South Lake 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.
The standard measurement for office space in this area is around 1,530 sqft. Most buildings in this market are approximately 4 stories. Most buildings in this region were built in 1961 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this region. Commute by walking is the most popular way to get to work amongst South Lake residents. Commuting more than an hour and a half 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 Lake.
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