The typical asking rate per listing is in the $30's per square foot per year. The Westchester-Playa Del Rey submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 2% decline in rent.
In the last 90 days, 40 listings have been listed, which means office spaces are probably going fast. You'll want to be prepared to make an offer immediately. About 3% of the office spaces in the Westchester-Playa Del Rey are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 1,650 sqft. Most buildings in this market are approximately 5 floors. Most buildings in this market 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 area. Commute by taxi is the most popular way to get to work amongst Westchester-Playa Del Rey folk. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.