Compared to the rest of the Metropolitan Los Angeles market, the Grant Park region has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 26 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 69% of the office spaces in the Grant Park are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,530 sqft. Most properties in this area are approximately 4 stories. Most buildings in this area were built in 1967 and are Class B.
A large portion of this area 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 residents. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.