Most listings are in the $30's per square foot per year. The Greater Echo Park Elysian submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $16 per sqft per year. That's a 33% decrease in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Greater Echo Park Elysian region has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 1 listings have been made available, which means new availabilities 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 30,700 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are around 2 stories. Most buildings in this market were built in 1946 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Greater Echo Park Elysian folk. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.