Northwest District Commercial Real Estate

Northwest District

Market Report

Number of Listings
Posted in the last 90 days
3
Median Rate ($/sqft/yr)
$51
Median Size (sqft)
1,580

Northwest District Rates

The typical asking rate per listing is in the $50's per square foot per year. The Northwest District submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 3% decrease in rent.

Compared to the rest of the Metropolitan Los Angeles market, the Northwest District submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Northwest District Listing Supply

In the last 90 days, 23 listings have been posted online, which means leases might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 17% of the listings in the Northwest District are subleases, so you might be able to find a shorter term or below market rent. 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 1,580 sqft. Most properties in this market are approximately 2 stories. Most buildings in this area were built in 1986 and are Class B.

Northwest District Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Northwest District folk. Commuting between 20 and 25 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 Northwest District.
Research