The typical asking rate per listing is in the $40's per square foot per year. The North Business Park submarket is experiencing a a rise in rates. In the last 3 months, the median rate increased $10 per sqft per year. That's a 31% increase in rent.
Compared to the rest of the Metropolitan Los Angeles market, the North Business Park region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 21 listings have come on the market, which means office spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. 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 2,580 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are around 2 floors. Most buildings in this market were built in 1984 and are Class B.
This region is fairly equally mixed residential and commercial. Manufacturing is the dominant industry in this market. Commute by car is the most popular way to get to work amongst North Business Park occupants. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.