On average, listings lease in the $80's per square foot per year. The Wilshire-Montana region is experiencing a a rise in rates. In the last 3 months, the median rate increased $82 per sqft per year.
Compared to the rest of the Metropolitan Los Angeles market, the Wilshire-Montana submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 20 listings have come on the market, which means new availabilities might be going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 2,900 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are around 4 floors. Most buildings in this area were built in 1958 and are Class B.
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 occupants. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.