On average, listings lease in the $20's per square foot per year. The Arundell submarket is experiencing a an increase in rates. In the last 3 months, the median rate went up $28 per sqft per year.
Compared to the rest of the Metropolitan Los Angeles market, the Arundell region has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 8 listings have been posted online, which means new listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 75% of the available space in the Arundell are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 5,320 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are close to 2 floors. Most buildings in this market were built in 1984 and are Class A.
This area is fairly equally mixed residential and commercial. Public administration is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Arundell folk. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.