Most listings are in the $30's per square foot per year. The Eastland region is experiencing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 2% decrease in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Eastland submarket has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 22 listings have been listed, which means listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 14% of the office spaces in the Eastland are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 2,690 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are close to 13 stories. Most buildings in this region were built in 1987 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Arts, entertainment, and restaurants are the dominant industries in this area. Commute by bike is the most popular way to get to work amongst Eastland occupants. Commuting around an hour a day is the norm for those who opt to reside in this part of town.