The typical asking rate per listing is in the $50's per square foot per year. The South Park region is seeing a a boost in rates. In the last 3 months, the median rate rose $10 per sqft per year. That's a 22% increase in rent.
Compared to the rest of the Metropolitan Los Angeles market, the South 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, 34 listings have come on the market, which means spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 76% of the available space in the South Park are subleases, so you might be able to find a shorter term or below market rent. 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 3,920 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are around 4 floors. 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 region. Commute by public transit is the most popular way to get to work amongst South Park residents. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.