Greater Wilshire Retail

Greater Wilshire

Market Report

Number of Listings
Posted in the last 90 days
8
Median Rate ($/sqft/yr)
$32
Median Size (sqft)
1,900

Greater Wilshire Rates

The typical asking rate per listing is in the $30's per square foot per year. The Greater Wilshire region is seeing a decrease in rates. In the last 3 months, the median rate fell $8 per sqft per year. That's a 20% decline in rent.

Compared to the rest of the Metropolitan Los Angeles market, the Greater Wilshire submarket has lower rates, so you should have no trouble finding a great deal in this undervalued region.

Greater Wilshire Listing Supply

In the last 90 days, 180 listings have been listed, so you'll want to check back regularly for new listings. About 3% of the available space in the Greater Wilshire 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 1,900 sqft. Most properties in this region are approximately 4 stories. Most buildings in this area were built in 1959 and are Class B.

Greater Wilshire Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Greater Wilshire occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Data

Real time and historical data on commercial real estate listings in Greater Wilshire.
Research