The typical asking rate per listing is in the $40's per square foot per year. The Singer Park submarket is seeing a a boost in rates. In the last 3 months, the median rate rose $47 per sqft per year.
Compared to the rest of the Metropolitan Los Angeles market, the Singer Park region has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 10 listings have come on the market, which means spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. 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 1,460 sqft. Most properties in this market are approximately 1 floors. Most buildings in this area 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 folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.