Ocean Park Office Space

Ocean Park

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$87
Median Size (sqft)
2,960
As of: January 18, 2017

Ocean Park Rates

Most listings are in the $80's per square foot per year. The Ocean Park region is experiencing a an increase in rates. In the last 3 months, the median rate rose $87 per sqft per year.

Compared to the rest of the Metropolitan Los Angeles market, the Ocean Park region has more expensive rates, and you'll need to make a great offer to be in this hot region.

Ocean Park Listing Supply

In the last 90 days, 3 listings have been made available, which means listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 33% of the listings in the Ocean Park are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

Even though the median size is 2,960 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are around 1 floors. Most buildings in this area were built in 1984 and are Class B.

Ocean Park Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this market. Most of the occupants of Ocean Park work from home. Commuting between 30 and 45 minutes 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 Ocean Park.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Ocean Park.
Research