On average, listings lease in the $20's per square foot per year. The West City submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 19% decline in rent.
Compared to the rest of the Metropolitan Los Angeles market, the West City region has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 61 listings have been made available, so you'll want to check back regularly for new listings. About 8% of the office spaces in the West City 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 posted, so finding a space for a small business might be tough.
Even though the median size is 2,910 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are close to 2 floors. Most buildings in this area were built in 1988 and are Class B.
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 area. Commute by public transit is the most popular way to get to work amongst West City folk. Commuting between 20 and 25 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 West City.
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