Compared to the rest of the Metropolitan Los Angeles market, the Lucerne-Higuera region has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 8 listings have been posted online, which means spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 13% of the available space in the Lucerne-Higuera 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 available, so finding a space for a small business might be tough.
Even though the median size is 4,150 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are around 1 floors. Most buildings in this region were built in 1969 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this market. Commute by public transit is the most popular way to get to work amongst Lucerne-Higuera residents. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.