Compared to the rest of the Metropolitan Los Angeles market, the Grant Park submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 26 listings have come on the market, which means office spaces are probably going fast. You'll want to be prepared to make an offer immediately. About 8% of the listings 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 2,890 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are close to 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 region. Commute by car is the most popular way to get to work amongst Grant Park occupants. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.