The typical asking rate per listing is in the $50's per square foot per year. The Fox Hills region is seeing a decline in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 7% decrease in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Fox Hills submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 220 listings have been posted online, so you'll want to check back regularly for new listings. About 9% of the office spaces in the Fox Hills 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 3,240 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are around 3 floors. Most buildings in this market were built in 1980 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Fox Hills folk. Commuting close to 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 Fox Hills.
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