The typical asking rate per listing is in the $60's per square foot per year. The Ocean Park submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $67 per sqft per year.
Compared to the rest of the Metropolitan Los Angeles market, the Ocean Park submarket has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 5 listings have come on the market, which means listings most likley are going fast. You'll want to be prepared to make an offer immediately. About 40% of the office spaces 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 available, so finding a space for a small business might be tough.
Even though the median size is 3,360 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are around 1 stories. Most buildings in this market 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 region. Most of the residents 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.