Ocean Park Office Space

Ocean Park

Office Space Market Report

Number of Listings (last 90 days)
5
Median Rate ($/sqft/yr)
$94
Median Size (sqft)
2,960
As of: March 13, 2017

Ocean Park Rates

On average, listings lease in the $90's per square foot per year. The Ocean Park submarket is experiencing a a boost in rates. In the last 3 months, the median rate went up $7 per sqft per year. That's a 8% rise in rent.

Compared to the rest of the Metropolitan Los Angeles market, the Ocean Park region has greater rates, and you'll have to negotiate above asking rent to be in this hot region.

Ocean Park Listing Supply

In the last 90 days, 5 listings have come on the market, which means leases most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 40% of the office spaces in the Ocean 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.

Even though the median size is 2,960 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are around 3 stories. 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 region. Most of the residents 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