The typical asking rate per listing is in the $30's per square foot per year. The Warner Center submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 6% decline in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Warner Center submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 591 listings have come on the market, so you'll want to check back regularly for new listings. About 2% of the available leases in the Warner Center 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 2,220 sqft. Most buildings in this market are close to 3 floors. Most buildings in this area were built in 1979 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Wholesale trade is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Warner Center folk. Commuting close to 15 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 Warner Center.
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