The typical asking rate per listing is in the $30's per square foot per year. The Magnolia Park region is experiencing a a boost in rates. In the last 3 months, the median rate increased $34 per sqft per year.
Compared to the rest of the Metropolitan Los Angeles market, the Magnolia Park region has smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 1 listings have been listed, which means new listings most likley are going fast. You'll want to be prepared to make an offer immediately. About 300% of the available space 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 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 2,250 sqft. Most properties in this area are around 2 stories. Most buildings in this region 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 region. Commute by public transit is the most popular way to get to work amongst Magnolia Park folk. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.