Compared to the rest of the Metropolitan Los Angeles market, the Palma Village Groves region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 28 listings have come on the market, which means new availabilities are probably going fast. You'll want to be prepared to make an offer immediately. About 7% of the available space in the Palma Village Groves are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 350 sqft. Most properties in this area are around 2 stories. Most buildings in this region were built in 1980 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Agriculture is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Palma Village Groves occupants. Commuting under 5 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 Palma Village Groves.
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