On average, listings lease in the $40's per square foot per year. The Studio City submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 7% increase in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Studio City region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 4 listings have been made available, which means spaces might be 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 870 sqft. Most properties in this area are around 2 stories. Most buildings in this market were built in 1978 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Studio City residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.