The typical asking rate per listing is in the $30's per square foot per year. The Eastland submarket is seeing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 2% decrease in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Eastland region has lower rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 50 listings have come on the market, so you'll want to check back regularly for new listings. About 6% of the available leases in the Eastland are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 2,690 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are around 13 floors. Most buildings in this area were built in 1987 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Arts, entertainment, and restaurants are the dominant industries in this region. Commute by bike is the most popular way to get to work amongst Eastland folk. Commuting close to an hour 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 Eastland.
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