On average, listings lease in the $50's per square foot per year. The Singer Park region is going through a a boost in rates. In the last 3 months, the median rate went up $6 per sqft per year. That's a 14% rise in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Singer Park region has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 71 listings have been posted online, so you'll want to check back regularly for new listings. About 10% of the listings in the Singer 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 2,690 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are approximately 2 stories. Most buildings in this area were built in 1967 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this market. Commute by walking is the most popular way to get to work amongst Singer 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 Singer Park.
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