Ocean Park Retail

Ocean Park

Office Space Market Report

Number of Listings (last 90 days)
5
Median Rate ($/sqft/yr)
$67
Median Size (sqft)
2,000
As of: August 19, 2017

Ocean Park Rates

Most listings are in the $60's per square foot per year. The Ocean Park region is experiencing a decline in rates. In the last 3 months, the median rate fell $12 per sqft per year. That's a 15% decline in rent.

Compared to the rest of the Metropolitan Los Angeles market, the Ocean Park submarket has higher 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 been listed, which means spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 100% of the listings 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 posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,000 sqft. Most properties in this market are approximately 2 floors. Most buildings in this region 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 area. Most of the folk 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