Ocean Park Retail

Ocean Park

Office Space Market Report

Number of Listings (last 90 days)
5
Median Rate ($/sqft/yr)
$67
Median Size (sqft)
3,360
As of: June 23, 2017

Ocean Park Rates

The typical asking rate per listing is in the $60's per square foot per year. The Ocean Park submarket is seeing a a rise in rates. In the last 3 months, the median rate rose $67 per sqft per year.

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

Ocean Park Listing Supply

In the last 90 days, 5 listings have come on the market, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. About 40% of the available space in the Ocean 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 3,360 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are approximately 1 floors. Most buildings in this area were built in 1958 and are Class B.

Ocean Park Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this region. Most of the residents of Ocean Park work from home. Commuting between 30 and 45 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 Ocean Park.
Market Report

Market Data

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