Most listings are in the $30's per square foot per year. The MacArthur Park region is going through a an increase in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 3% increase in rent.
Compared to the rest of the Metropolitan Los Angeles market, the MacArthur Park submarket has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 6 listings have been made available, which means office spaces might be going fast. You'll want to be prepared to make an offer immediately. 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 5,000 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are approximately 5 floors. Most buildings in this area were built in 1957 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Agriculture is the dominant industry in this market. Commute by car is the most popular way to get to work amongst MacArthur Park occupants. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.