The typical asking rate per listing is in the $40's per square foot per year. The Grant Park region is going through a a boost in rates. In the last 3 months, the median rate rose $4 per sqft per year. That's a 8% increase in rent.
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, 16 listings have been listed, which means new availabilities most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 6% of the available space in the Grant 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 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 1,330 sqft. Most buildings in this area are approximately 4 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 market. Commute by car is the most popular way to get to work amongst Grant Park folk. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.