Most listings are in the $40's per square foot per year. The South Lake region is experiencing a an increase in rates. In the last 3 months, the median rate went up $50 per sqft per year.
Compared to the rest of the Metropolitan Los Angeles market, the South Lake region has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 27 listings have come on the market, which means new availabilities are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 44% of the available leases in the South Lake 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.
Even though the median size is 2,630 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are close to 4 stories. Most buildings in this area were built in 1961 and are Class A.
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 region. Commute by walking is the most popular way to get to work amongst South Lake residents. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.