Most listings are in the $60's per square foot per year. The Grant Park region is experiencing a a boost in rates. In the last 3 months, the median rate increased $14 per sqft per year. That's a 30% rise in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Grant Park submarket has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 12 listings have come on the market, which means new availabilities are probably going fast. You'll want to be prepared to make an offer immediately. About 8% of the office spaces in the Grant Park are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 4,750 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are approximately 2 stories. Most buildings in this market were built in 1967 and are Class B.
A large portion of this region is residential, but there's plenty of office_space. Finance and insurance are the dominant industries in this area. Commute by car is the most popular way to get to work amongst Grant Park folk. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.