On average, listings lease in the $30's per square foot per year. The West Covina Central Business District region is experiencing a decline 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 West Covina Central Business District region has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 136 listings have been made available, so you'll want to check back regularly for new listings. About 22% of the available space in the West Covina Central Business District are subleases, so you might be able to sign a shorter term by taking over a previous 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 1,000 sqft. Most buildings in this area are around 2 floors. Most buildings in this market were built in 1980 and are Class B.
Arts, entertainment, and restaurants are the dominant industries in this area. Commute by car is the most popular way to get to work amongst West Covina Central Business District residents. Commuting between 20 and 25 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 Covina Central Business District.
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