On average, listings lease in the $30's per square foot per year. The Rampart Village region is going through a a boost in rates. In the last 3 months, the median rate rose $4 per sqft per year. That's a 14% rise in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Rampart Village submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 28 listings have been posted online, which means listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 11% of the available leases in the Rampart Village 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 2,250 sqft. Most buildings in this market are approximately 2 floors. Most buildings in this area were built in 1960 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Rampart Village folk. Commuting approximately 15 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 Rampart Village.
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