On average, listings lease in the $40's per square foot per year. The Singer Park region is seeing a an increase in rates. In the last 3 months, the median rate rose $47 per sqft per year. That's a Inf% increase in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Singer Park submarket has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 11 listings have been listed, 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 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 1,460 sqft. Most buildings in this region are around 1 stories. Most buildings in this area were built in 1967 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this area. Commute by walking is the most popular way to get to work amongst Singer Park residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.