The typical asking rate per listing is in the $30's per square foot per year. The West Covina Central Business 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 6% decrease in rent.
Compared to the rest of the Metropolitan Los Angeles market, the West Covina Central Business District submarket has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 136 listings have been made available, so you'll want to check back regularly for new listings. About 22% of the listings in the West Covina Central Business District 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 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 1,000 sqft. Most properties in this area are around 2 floors. Most buildings in this market were built in 1980 and are Class B.
Arts, entertainment, and restaurants are the dominant industries in this region. Commute by car is the most popular way to get to work amongst West Covina Central Business District 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 Covina Central Business District.
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