On average, listings lease in the $50's per square foot per year. The Westside submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $10 per sqft per year. That's a 16% decline in rent.
In the last 90 days, 29 listings have been posted online, which means leases are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 14% of the office spaces in the Westside 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.
Even though the median size is 7,170 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are approximately 8 stories. Most buildings in this region were built in 1979 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Company management is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Westside folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.