The typical asking rate per listing is in the $0's per square foot per year. The MacArthur Park submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $33 per sqft per year. That's a 100% decline in rent.
In the last 90 days, 1 listings have been posted online, which means leases might be going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around sqft. Most properties in this region are close to 5 floors. Most buildings in this market were built in 1957 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Agriculture is the dominant industry in this market. Commute by car is the most popular way to get to work amongst MacArthur Park folk. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.