On average, listings lease in the $90's per square foot per year. The Wilshire-Montana submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $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 region has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 92 listings have been posted online, so you'll want to check back regularly for new listings. About 5% of the office spaces in the Wilshire-Montana are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet on the market, 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 properties 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 area. Commute by car is the most popular way to get to work amongst Wilshire-Montana folk. 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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