Most listings are in the $30's per square foot per year. The South Park region is seeing a decrease in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 14% decline in rent.
Compared to the rest of the Metropolitan Los Angeles market, the South Park region has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 42 listings have been listed, so you'll want to check back regularly for new listings. About 2% of the office spaces in the South Park are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,740 sqft. Most buildings in this area are close to 4 floors. Most buildings in this region 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 region. 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.