The typical asking rate per listing is in the $20's per square foot per year. The North Business Park region is seeing a decline in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 15% decline in rent.
Compared to the rest of the Metropolitan Los Angeles market, the North Business Park submarket has lower rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 11 listings have been posted online, which means spaces 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 have to consider a longer term lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,440 sqft. Most properties in this area are around 2 floors. Most buildings in this market 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 occupants. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.