The typical asking rate per listing is in the $30's per square foot per year. The Rio Lindo submarket is going through a a rise in rates. In the last 3 months, the median rate went up $2 per sqft per year. That's a 7% increase in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Rio Lindo region has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 132 listings have been made available, so you'll want to check back regularly for new listings. About 2% of the office spaces in the Rio Lindo are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 4,970 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are approximately 21 floors.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this region. Commute by motorcycle is the most popular way to get to work amongst Rio Lindo occupants. 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 Rio Lindo.
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