On average, listings lease in the $50's per square foot per year. The Lucerne-Higuera submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $55 per sqft per year.
Compared to the rest of the Metropolitan Los Angeles market, the Lucerne-Higuera region has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 11 listings have been made available, which means listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. 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 1,890 sqft. Most buildings in this market are around 1 floors. Most buildings in this region were built in 1969 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this area. Commute by public transit is the most popular way to get to work amongst Lucerne-Higuera folk. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.