On average, listings lease in the $20's per square foot per year. The Palma Village Groves region is experiencing a an increase in rates. In the last 3 months, the median rate went up $21 per sqft per year.
Compared to the rest of the Metropolitan Los Angeles market, the Palma Village Groves submarket has lower rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 3 listings have been listed, which means office spaces are probably going fast. You'll want to be prepared to make an offer immediately. About 133% of the available leases in the Palma Village Groves are subleases, so you might be able to snag a great spot on a short term. 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 1,200 sqft. Most buildings in this region are around 2 floors. Most buildings in this market were built in 1980 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Agriculture is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Palma Village Groves occupants. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.