On average, listings lease in the $40's per square foot per year. The Studio City submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 14% decrease in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Studio City submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 4 listings have been listed, which means office spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,100 sqft. Most properties in this market are approximately 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 area. Commute by public transit is the most popular way to get to work amongst Studio City occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.