Most listings are in the $40's per square foot per year. The Grant Park submarket is seeing a an increase in rates. In the last 3 months, the median rate increased $50 per sqft per year.
Compared to the rest of the Metropolitan Los Angeles market, the Grant Park submarket has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 26 listings have been posted online, which means new listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 46% of the office spaces in the Grant Park are subleases, so you might be able to snag a great spot on a short term. 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 2,120 sqft. Most buildings in this market are approximately 2 floors. Most buildings in this area were built in 1967 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Finance and insurance are the dominant industries in this area. Commute by car is the most popular way to get to work amongst Grant Park residents. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.