The typical asking rate per listing is in the $30's per square foot per year. The South End submarket is going through a an increase in rates. In the last 3 months, the median rate went up $37 per sqft per year.
Compared to the rest of the Metropolitan Los Angeles market, the South End region has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 1 listings have been posted online, which means listings are probably going fast. You'll want to be prepared to make an offer immediately. 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 4,990 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are around 2 floors. Most buildings in this market were built in 1991 and are Class B.
A large portion of this region is residential, but there's plenty of office_space. Construction is the dominant industry in this market. Commute by motorcycle is the most popular way to get to work amongst South End occupants. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.