Compared to the rest of the Metropolitan Los Angeles market, the Pico Union submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 6 listings have been listed, 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 20,020 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are around 2 floors. Most buildings in this area were built in 1962 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Agriculture is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Pico Union occupants. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.