Most listings are in the $40's per square foot per year. The North Business Park region is experiencing a a boost in rates. In the last 3 months, the median rate went up $15 per sqft per year. That's a 49% rise in rent.
Compared to the rest of the Metropolitan Los Angeles market, the North Business Park region has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 11 listings have been posted online, which means leases might be going fast. You'll want to be prepared to make an offer immediately. About 9% of the listings in the North Business Park are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 4,110 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are close to 2 stories. Most buildings in this region were built in 1984 and are Class B.
This market is fairly equally mixed residential and commercial. Manufacturing is the dominant industry in this area. Commute by car is the most popular way to get to work amongst North Business Park occupants. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.