The typical asking rate per listing is in the $40's per square foot per year. The Singer Park submarket is experiencing a a rise in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 3% increase in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Singer Park submarket has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 4 listings have been listed, which means new listings are probably going fast. You'll want to be prepared to make an offer immediately. About 375% of the available leases in the Singer 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,710 sqft. Most buildings in this area are approximately 2 floors. Most buildings in this market were built in 1967 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this area. Commute by walking is the most popular way to get to work amongst Singer Park occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.