Most listings are in the $40's per square foot per year. The Tropico region is experiencing a a rise in rates. In the last 3 months, the median rate went up $48 per sqft per year.
Compared to the rest of the Metropolitan Los Angeles market, the Tropico submarket has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 2 listings have come on the market, which means new availabilities most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 100% of the office spaces in the Tropico 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 3,460 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are approximately 1 floors. Most buildings in this market were built in 1960 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this market. Commute by motorcycle is the most popular way to get to work amongst Tropico occupants. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.