Most listings are in the $20's per square foot per year. The The Colony submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $8 per sqft per year. That's a 27% decline in rent.
Compared to the rest of the Metropolitan Los Angeles market, the The Colony region has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 4 listings have been listed, which means office spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,000 sqft. Most properties in this area are close to 2 floors. Most buildings in this market were built in 1984 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this market. Commute by motorcycle is the most popular way to get to work amongst The Colony residents. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.