Compared to the rest of the Metropolitan Los Angeles market, the Magnolia Park submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 16 listings have been posted online, which means new availabilities most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 13% of the office spaces in the Magnolia Park are subleases, so you might be able to find a shorter term or below market rent. 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 2,250 sqft. Most buildings in this region are close to 2 stories. Most buildings in this market were built in 1966 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Magnolia Park residents. Commuting close to 30 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 Magnolia Park.
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