South Lake Office Space

South Lake

Office Space Market Report

Number of Listings (last 90 days)
18
Median Rate ($/sqft/yr)
$50
Median Size (sqft)
1,330
As of: January 23, 2017

South Lake Rates

On average, listings lease in the $40's per square foot per year. The South Lake submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 2% decrease in rent.

Compared to the rest of the Metropolitan Los Angeles market, the South Lake submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.

South Lake Listing Supply

In the last 90 days, 14 listings have been posted online, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. About 14% of the office spaces in the South Lake 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 posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,290 sqft. Most buildings in this area are approximately 2 floors. Most buildings in this region were built in 1961 and are Class B.

South Lake Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this region. Commute by walking is the most popular way to get to work amongst South Lake occupants. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in South Lake.
Market Report

Market Data

Real time and historical data on commercial real estate listings in South Lake.
Research