The typical asking rate per listing is in the $40's per square foot per year. The North Business Park submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $10 per sqft per year. That's a 31% rise in rent.
Compared to the rest of the Metropolitan Los Angeles market, the North Business Park submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 20 listings have come on the market, which means new listings might be 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 2,580 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are close to 2 floors. Most buildings in this area were built in 1984 and are Class B.
This region is fairly equally mixed residential and commercial. Manufacturing is the dominant industry in this area. Commute by car is the most popular way to get to work amongst North Business Park occupants. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.