Most listings are in the $40's per square foot per year. The Singer Park submarket is going through a a boost in rates. In the last 3 months, the median rate went up $45 per sqft per year.
Compared to the rest of the Metropolitan Los Angeles market, the Singer Park submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 4 listings have been made available, which means office spaces might be going fast. You'll want to be prepared to make an offer immediately. About 75% of the available space in the Singer 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 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 2,240 sqft. Most properties in this market are approximately 2 floors. Most buildings in this region were built in 1967 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this region. Commute by walking is the most popular way to get to work amongst Singer Park occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.