On average, listings lease in the $30's per square foot per year. The Lincoln-Villa region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 4% decrease in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Lincoln-Villa region has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 5 listings have been made available, which means listings most likley are going fast. You'll want to be prepared to make an offer immediately. About 40% of the available space in the Lincoln-Villa 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.
Even though the median size is 3,270 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are close to 1 stories. Most buildings in this market were built in 1989 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Lincoln-Villa residents. Commuting close to 10 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 Lincoln-Villa.
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