The typical asking rate per listing is in the $30's per square foot per year. The North Business Park region is going through a decrease in rates. In the last 3 months, the median rate fell $13 per sqft per year. That's a 29% decline in rent.
Compared to the rest of the Metropolitan Los Angeles market, the North Business Park submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 13 listings have been posted online, which means listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 1,380 sqft. Most properties in this market are approximately 2 floors. Most buildings in this region were built in 1984 and are Class B.
This region is fairly equally mixed residential and commercial. Manufacturing is the dominant industry in this region. Commute by car is the most popular way to get to work amongst North Business Park residents. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.