The typical asking rate per listing is in the $50's per square foot per year. The West Los Angeles submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $2 per sqft per year. That's a 3% increase in rent.
In the last 90 days, 4843 listings have been posted online, so you'll want to check back regularly for new listings. About 8% of the available leases in the West Los Angeles are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,470 sqft. Most properties in this market are approximately 2 floors. Most buildings in this area were built in 1974 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Agriculture is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst West Los Angeles folk. 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 West Los Angeles.
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