The typical asking rate per listing is in the $20's per square foot per year. The Westchester-Playa Del Rey submarket is seeing a decline in rates. In the last 3 months, the median rate fell $13 per sqft per year. That's a 32% decrease in rent.
In the last 90 days, 10 listings have been made available, which means new listings might be going fast. You'll want to be prepared to make an offer immediately. About 20% of the available space in the Westchester-Playa Del Rey 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 on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,110 sqft. Most buildings in this area are around 5 floors. Most buildings in this area were built in 1968 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this region. Commute by taxi is the most popular way to get to work amongst Westchester-Playa Del Rey occupants. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.