Compared to the rest of the Metropolitan Los Angeles market, the Grant Park region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 25 listings have been made available, which means listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 8% of the office spaces in the Grant 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 2,670 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are around 2 floors. Most buildings in this area were built in 1967 and are Class B.
A large portion of this market 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 occupants. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.