The typical asking rate per listing is in the $30's per square foot per year. The Presidential Park region is going through a an increase in rates. In the last 3 months, the median rate rose $32 per sqft per year. That's a Inf% increase in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Presidential Park submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 6 listings have been made available, which means new listings are probably going fast. 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 760 sqft. Most buildings in this area were built in 1989.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Presidential Park occupants. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.