Grant Park Retail

Grant Park

Office Space Market Report

Number of Listings (last 90 days)
11
Median Rate ($/sqft/yr)
$49
Median Size (sqft)
1,330
As of: January 17, 2017

Grant Park Rates

Most listings are in the $40's per square foot per year. The Grant Park submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $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 submarket has greater rates, and you'll need to make a great offer to be in this hot submarket.

Grant Park Listing Supply

In the last 90 days, 11 listings have come on the market, which means listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 18% of the listings in the Grant Park are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,330 sqft. Most buildings in this area are close to 2 floors. Most buildings in this market were built in 1967 and are Class B.

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 residents. Commuting close to 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