Compared to the rest of the Metropolitan Los Angeles market, the Grant Park submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 26 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 69% of the available space 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.
The standard measurement for office space in this area is around 1,530 sqft. Most properties in this area are approximately 4 floors. Most buildings in this area were built in 1967 and are Class B.
A large portion of this market is residential, but there's plenty of office_space. Finance and insurance are the dominant industries in this area. Commute by car is the most popular way to get to work amongst Grant Park folk. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.