Ocean Park Office Space

Ocean Park

Office Space Market Report

Number of Listings (last 90 days)
5
Median Rate ($/sqft/yr)
$67
Median Size (sqft)
2,000
As of: July 21, 2017

Ocean Park Rates

Most listings are in the $60's per square foot per year. The Ocean Park submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $27 per sqft per year. That's a 29% decline in rent.

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

Ocean Park Listing Supply

In the last 90 days, 5 listings have been listed, which means listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 100% of the available leases 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 posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,000 sqft. Most buildings in this market are approximately 2 stories. Most buildings in this market were built in 1958 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 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