Compared to the rest of the Metropolitan Los Angeles market, the Wilshire-Montana region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 17 listings have been posted online, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. About 24% of the available leases in the Wilshire-Montana are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 980 sqft. Most buildings in this region are around 4 floors. Most buildings in this region were built in 1951 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this market. Commute by car is the most popular way to get to work amongst Wilshire-Montana folk. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.