Grant Park Office Space

Grant Park

Market Report

Number of Listings
Posted in the last 90 days
23
Median Rate ($/sqft/yr)
$54
Median Size (sqft)
1,530

Grant Park Rates

On average, listings lease in the $50's per square foot per year. The Grant Park region is experiencing a an increase in rates. In the last 3 months, the median rate increased $4 per sqft per year. That's a 8% rise in rent.

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

Grant Park Listing Supply

In the last 90 days, 177 listings have been made available, so you'll want to check back regularly for new listings. About 6% of the office spaces in the Grant Park 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 available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,530 sqft. Most buildings in this region are around 4 stories. Most buildings in this market were built in 1967 and are Class B.

Grant Park Community

A large portion of this area is residential, but there's plenty of office_space. Finance and insurance are the dominant industries in this region. Commute by car is the most popular way to get to work amongst Grant Park folk. Commuting around 30 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 Grant Park.
Research