The typical asking rate per listing is in the $40's per square foot per year. The Grant Park region is experiencing a a boost in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 2% rise in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Grant Park region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 6 listings have been made available, which means listings might be going fast. You'll want to be prepared to make an offer immediately. About 17% of the office spaces in the Grant Park are subleases, so you might be able to snag a great spot on a short term. 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 3,260 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are approximately 2 stories. Most buildings in this area were built in 1967 and are Class B.
A large portion of this area is residential, but there's plenty of office_space. Finance and insurance are the dominant industries in this market. Commute by car is the most popular way to get to work amongst Grant Park occupants. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.