South Lake Sublease

South Lake

Office Space Market Report

Number of Listings (last 90 days)
16
Median Rate ($/sqft/yr)
$62
Median Size (sqft)
3,040
As of: December 3, 2016

South Lake Rates

The typical asking rate per listing is in the $40's per square foot per year. The South Lake submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 2% decline in rent.

Compared to the rest of the Metropolitan Los Angeles market, the South Lake submarket has more expensive rates, and you'll need to pay a premium to be in this hot submarket.

South Lake Listing Supply

In the last 90 days, 22 listings have come on the market, which means new availabilities most likley are going fast. You'll want to be prepared to make an offer immediately. About 5% of the office spaces in the South Lake are subleases, so you will probably have to focus your search on direct office leases. 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 2,660 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are approximately 2 floors. Most buildings in this market were built in 1961 and are Class B.

South Lake Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this area. Commute by walking is the most popular way to get to work amongst South Lake folk. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in South Lake.
Market Report

Market Data

Real time and historical data on commercial real estate listings in South Lake.
Research