Compared to the rest of the Metropolitan Los Angeles market, the Grant Park region has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 26 listings have come on the market, which means new availabilities might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 46% of the listings in the Grant 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 available, so finding a space for a small business might be tough.
Even though the median size is 3,110 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are approximately 2 stories. Most buildings in this area were built in 1967 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Finance and insurance are the dominant industries in this market. Commute by car is the most popular way to get to work amongst Grant Park occupants. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.