The typical asking rate per listing is in the $30's per square foot per year. The Lamanda Park submarket is going through a an increase in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 4% rise in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Lamanda Park submarket has lower rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 63 listings have come on the market, so you'll want to check back regularly for new listings. About 3% of the available space in the Lamanda Park are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,840 sqft. Most properties in this region are around 2 stories. Most buildings in this market were built in 1971 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Lamanda Park folk. 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 Lamanda Park.
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