Ocean Park Industrial Space

Ocean Park

Market Report

Number of Listings
Posted in the last 90 days
12
Median Rate ($/sqft/yr)
$59
Median Size (sqft)
1,100

Ocean Park Rates

On average, listings lease in the $50's per square foot per year. The Ocean Park submarket is going through a decline in rates. In the last 3 months, the median rate decreased $8 per sqft per year. That's a 12% decrease in rent.

Compared to the rest of the Metropolitan Los Angeles market, the Ocean Park submarket has more expensive rates, and you'll need to make a great offer to be in this hot submarket.

Ocean Park Listing Supply

In the last 90 days, 37 listings have been posted online, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. About 22% of the office spaces in the Ocean 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 available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,100 sqft. Most buildings in this area are around 2 stories. Most buildings in this area were built in 1958 and are Class B.

Ocean Park Community

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 area. Most of the residents of Ocean Park work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Data

Real time and historical data on commercial real estate listings in Ocean Park.
Research