Most listings are in the $90's per square foot per year. The Wilshire-Montana region is going through a a boost in rates. In the last 3 months, the median rate rose $9 per sqft per year. That's a 10% rise in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Wilshire-Montana submarket has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 92 listings have been made available, so you'll want to check back regularly for new listings. About 7% of the office spaces in the Wilshire-Montana are subleases, so you will probably have to consider a longer term lease. 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 2,420 sqft. Most buildings in this market are around 4 stories. Most buildings in this region were built in 1951 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this market. Commute by car is the most popular way to get to work amongst Wilshire-Montana occupants. Commuting approximately 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 Wilshire-Montana.
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