The typical asking rate per listing is in the $40's per square foot per year. The North Business Park submarket is going through a a boost in rates. In the last 3 months, the median rate rose $46 per sqft per year.
Compared to the rest of the Metropolitan Los Angeles market, the North Business Park region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 11 listings have been posted online, which means spaces are probably going fast. You'll want to be prepared to make an offer immediately. About 36% of the listings in the North Business Park are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 2,970 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are close to 2 floors. Most buildings in this region were built in 1984 and are Class B.
This region is fairly equally mixed residential and commercial. Manufacturing is the dominant industry in this market. Commute by car is the most popular way to get to work amongst North Business Park folk. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.