Compared to the rest of the Metropolitan Los Angeles market, the South Park submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 52 listings have come on the market, so you'll want to check back regularly for new listings. About 6% of the listings in the South Park are subleases, so you will probably have to consider a longer term lease. 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 3,310 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are around 4 stories. Most buildings in this area were built in 1946 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst South Park occupants. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.