Gallery Row Office Space

Gallery Row

Market Report

Number of Listings
Posted in the last 90 days
3
Median Rate ($/sqft/yr)
$38
Median Size (sqft)
2,740

Gallery Row Rates

On average, listings lease in the $30's per square foot per year. The Gallery Row region is going through a decrease in rates. In the last 3 months, the median rate fell $0 per sqft per year. That's a 0% decline in rent.

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

Gallery Row Listing Supply

In the last 90 days, 26 listings have come on the market, which means office spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 12% of the available space in the Gallery Row are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 2,740 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are around 12 stories. Most buildings in this market were built in 1923 and are Class B.

Gallery Row Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Gallery Row residents. Commuting close to 10 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 Gallery Row.
Research