On average, listings lease in the $60's per square foot per year. The Ocean Park region is going through a decrease in rates. In the last 3 months, the median rate fell $12 per sqft per year. That's a 15% 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 region.
In the last 90 days, 5 listings have come on the market, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 100% of the available leases in the Ocean Park are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet on the market, 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 buildings in this market are close to 2 floors. Most buildings in this region were built in 1958 and are Class B.
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 market. 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.