South Park Office Space

South Park

Office Space Market Report

Number of Listings (last 90 days)
34
Median Rate ($/sqft/yr)
$40
Median Size (sqft)
2,460
As of: March 12, 2017

South Park Rates

The typical asking rate per listing is in the $30's per square foot per year. The South Park region is seeing a an increase in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 7% increase in rent.

Compared to the rest of the Metropolitan Los Angeles market, the South Park submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.

South Park Listing Supply

In the last 90 days, 34 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. About 3% of the office spaces in the South Park are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,460 sqft. Most buildings in this area are close to 4 stories. Most buildings in this area were built in 1946 and are Class A.

South Park Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst South Park occupants. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in South Park.
Market Report

Market Data

Real time and historical data on commercial real estate listings in South Park.
Research