North Business Park Retail

North Business Park

Office Space Market Report

Number of Listings (last 90 days)
11
Median Rate ($/sqft/yr)
$46
Median Size (sqft)
2,970
As of: June 25, 2017

North Business Park Rates

The typical asking rate per listing is in the $40's per square foot per year. The North Business Park submarket is going through a a boost in rates. In the last 3 months, the median rate rose $46 per sqft per year.

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

North Business Park Listing Supply

In the last 90 days, 11 listings have been posted online, which means spaces are probably going fast. You'll want to be prepared to make an offer immediately. About 36% of the listings in the North Business 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 posted, so finding a space for a small business might be tough.

Even though the median size is 2,970 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are close to 2 floors. Most buildings in this region were built in 1984 and are Class B.

North Business Park Community

This region is fairly equally mixed residential and commercial. Manufacturing is the dominant industry in this market. Commute by car is the most popular way to get to work amongst North Business Park folk. Commuting approximately 15 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 North Business Park.
Market Report

Market Data

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