Most listings are in the $30's per square foot per year. The South Park region is seeing a decline in rates. In the last 3 months, the median rate fell $8 per sqft per year. That's a 20% decline in rent.
Compared to the rest of the Metropolitan Los Angeles market, the South Park region has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 53 listings have been listed, so you'll want to check back regularly for new listings. About 4% of the available leases in the South Park are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 3,790 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are around 4 stories. Most buildings in this market were built in 1946 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find 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 folk. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.