The typical asking rate per listing is in the $40's per square foot per year. The North Business Park submarket is going through a an increase in rates. In the last 3 months, the median rate went up $2 per sqft per year. That's a 5% increase in rent.
Compared to the rest of the Metropolitan Los Angeles market, the North Business Park submarket has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 123 listings have been posted online, so you'll want to check back regularly for new listings. About 4% of the listings in the North Business 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,470 sqft. Most buildings in this region are approximately 2 stories. Most buildings in this region were built in 1984 and are Class B.
This market is fairly equally mixed residential and commercial. Manufacturing is the dominant industry in this area. Commute by car is the most popular way to get to work amongst North Business Park residents. Commuting close to 15 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 North Business Park.
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