On average, listings lease in the $30's per square foot per year. The West Covina submarket is going through a decrease 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 submarket has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 275 listings have been listed, so you'll want to check back regularly for new listings. About 13% of the available space in the West Covina 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,330 sqft. Most buildings in this area are around 3 stories. Most buildings in this region were built in 1980 and are Class B.
Real time and historical data on commercial real estate listings in West Covina.
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