South Park Retail

South Park

Office Space Market Report

Number of Listings (last 90 days)
51
Median Rate ($/sqft/yr)
$32
Median Size (sqft)
3,790
As of: January 23, 2017

South Park Rates

The typical asking rate per listing is in the $30's per square foot per year. The South Park region is experiencing a decrease in rates. In the last 3 months, the median rate fell $8 per sqft per year. That's a 20% decrease in rent.

Compared to the rest of the Metropolitan Los Angeles market, the South Park region has lower rates, so you should have no trouble finding a great deal in this depreciated region.

South Park Listing Supply

In the last 90 days, 51 listings have come on the market, so you'll want to check back regularly for new listings. About 4% of the available space in the South Park are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

Even though the median size is 3,790 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are close to 4 floors. Most buildings in this market were built in 1946 and are Class A.

South Park Community

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 residents. Commuting under 5 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 South Park.
Market Report

Market Data

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