Most listings are in the $40's per square foot per year. The North Business Park submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $46 per sqft per year.
Compared to the rest of the Metropolitan Los Angeles market, the North Business Park region has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 11 listings have been listed, which means spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 36% of the listings in the North Business 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 posted, so finding a space for a small business might be tough.
Even though the median size is 2,970 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are close to 2 floors. Most buildings in this market 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 around 15 minutes a day is the norm for those who opt to reside in this part of town.