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The typical asking rate per commerial real estate listing leases is in the $40's per square foot per year. The Studio City submarket is seeing a decline in rates. In the last 3 months, the median rate for lease decreased $24 per sqft per year.
Compared to the rest of the Metropolitan Los Angeles commercial real estate market, the Studio City region has greater rates for rent, and you may have to negotiate above asking rent to be in this hot region.
In the last 90 days, 52 commercial real estate listings have come on the market, so you'll want to check back regularly for new listings. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard size for office space in this area is around 940 sqft. Most properties in this market are around 2 floors. Most buildings in this area were built close to 1951 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Studio City occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Studio City.
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