Most listings are in the $20's per square foot per year. The Westside submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $22 per sqft per year.
In the last 90 days, 22 listings have come on the market, which means listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 5% of the listings in the Westside are subleases, so you will probably have to consider a longer term lease. 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 1,500 sqft. Most properties in this area are close to 2 floors. Most buildings in this region were built in 1966 and are Class C.
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 area. Most of the residents of Westside work from home. Commuting around 30 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 Westside.
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