Grant Park Retail

Grant Park

Office Space Market Report

Number of Listings (last 90 days)
26
Median Rate ($/sqft/yr)
$50
Median Size (sqft)
2,630
As of: March 12, 2017

Grant Park Rates

On average, listings lease in the $40's per square foot per year. The Grant Park region is experiencing a decline in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 3% decline in rent.

Compared to the rest of the Metropolitan Los Angeles market, the Grant Park region has more expensive rates, and you'll need to pay a premium to be in this hot region.

Grant Park Listing Supply

In the last 90 days, 26 listings have been listed, which means listings are probably going fast. You'll want to be prepared to make an offer immediately. About 4% of the available space in the Grant Park are subleases, so you will probably have to focus your search on direct office leases. 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 2,630 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are approximately 4 floors. Most buildings in this area were built in 1967 and are Class A.

Grant Park Community

A large portion of this area is residential, but there's plenty of office_space. Finance and insurance are the dominant industries in this region. 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.

Market Report

Trends and status of the commercial real estate market in Grant Park.
Market Report

Market Data

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