Most listings are in the $30's per square foot per year. The Victory Park submarket is going through a a rise in rates. In the last 3 months, the median rate rose $7 per sqft per year. That's a 30% rise in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Victory Park region has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 30 listings have come on the market, which means office spaces might be going fast. You'll want to be prepared to make an offer immediately. About 17% of the available leases in the Victory Park are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 22,840 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are approximately 2 stories. Most buildings in this area were built in 1984 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Victory Park residents. Commuting between 30 and 45 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 Victory Park.
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