Ocean Park Sublease

Ocean Park

Office Space Market Report

Number of Listings (last 90 days)
5
Median Rate ($/sqft/yr)
$67
Median Size (sqft)
2,000
As of: July 23, 2017

Ocean Park Rates

On average, listings lease in the $60's per square foot per year. The Ocean Park submarket is going through a decline in rates. In the last 3 months, the median rate fell $27 per sqft per year. That's a 29% decline in rent.

Compared to the rest of the Metropolitan Los Angeles market, the Ocean Park region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Ocean Park Listing Supply

In the last 90 days, 5 listings have come on the market, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. About 100% of the available space in the Ocean 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 2,000 sqft. Most properties in this area are close to 2 stories. Most buildings in this market were built in 1958 and are Class B.

Ocean Park Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this area. Most of the occupants of Ocean Park work from home. Commuting between 30 and 45 minutes 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 Ocean Park.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Ocean Park.
Research