On average, listings lease in the $40's per square foot per year. The Eastland submarket is going through a an increase in rates. In the last 3 months, the median rate rose $2 per sqft per year. That's a 6% rise in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Eastland region has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 22 listings have been made available, which means new listings most likley are going fast. You'll want to be prepared to make an offer immediately. 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 3,580 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are close to 6 stories. Most buildings in this area were built in 1980 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Arts, entertainment, and restaurants are the dominant industries in this area. Commute by bike is the most popular way to get to work amongst Eastland occupants. Commuting around an hour a day is the norm for those who opt to reside in this part of town.