Most listings are in the $50's per square foot per year. The South Lake region is seeing a an increase in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 1% rise in rent.
Compared to the rest of the Metropolitan Los Angeles market, the South Lake submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 187 listings have been posted online, so you'll want to check back regularly for new listings. About 11% of the available leases in the South Lake 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 on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,460 sqft. Most buildings in this area are approximately 4 stories. Most buildings in this area were built in 1961 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this region. Commute by walking is the most popular way to get to work amongst South Lake folk. Commuting more than 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 South Lake.
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