The typical asking rate per listing is in the $40's per square foot per year. The Belmont Heights submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $44 per sqft per year. That's a Inf% increase in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Belmont Heights region has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 2 listings have come on the market, which means new availabilities are probably leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 890 sqft. Most buildings in this area are close to 2 stories. Most buildings in this market were built in 1964.
Professional services is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Belmont Heights residents. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.