On average, listings lease in the $40's per square foot per year. The Vineyard submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $6 per sqft per year. That's a 12% decrease in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Vineyard region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 4 listings have been made available, which means leases 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 7,820 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are around 6 floors. Most buildings in this area were built in 1985 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Vineyard occupants. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.