On average, listings lease in the $50's per square foot per year. The South End submarket is seeing a an increase in rates. In the last 3 months, the median rate increased $55 per sqft per year.
Compared to the rest of the Metropolitan Los Angeles market, the South End region has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 1 listings have been posted online, which means leases most likley are leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 4,990 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are approximately 2 stories. Most buildings in this region were built in 1991 and are Class B.
A large portion of this region is residential, but there's plenty of office_space. Construction is the dominant industry in this market. Commute by motorcycle is the most popular way to get to work amongst South End residents. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.