The typical asking rate per listing is in the $40's per square foot per year. The South Park submarket is experiencing a a boost in rates. In the last 3 months, the median rate went up $48 per sqft per year.
Compared to the rest of the Metropolitan Los Angeles market, the South Park region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 34 listings have been made available, which means spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 100% of the available space in the South Park are subleases, so you might be able to snag a great spot on a short term. 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 5,130 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are close to 4 stories. Most buildings in this area were built in 1933 and are Class B.
A large portion of this region is residential, but there's plenty of office_space. Professional services is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst South Park folk. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.