The typical asking rate per listing is in the $30's per square foot per year. The Northwest District submarket is going through a a rise in rates. In the last 3 months, the median rate rose $7 per sqft per year. That's a 22% rise in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Northwest District submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 1 listings have been made available, which means spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 100% of the available leases in the Northwest District are subleases, so you might be able to find a shorter term or below market rent. 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 20,000 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are around 2 stories. Most buildings in this area were built in 1986 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Northwest District occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.