Compared to the rest of the Metropolitan Los Angeles market, the Lucerne-Higuera region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 11 listings have been posted online, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 9% of the listings in the Lucerne-Higuera are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 3,490 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are approximately 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 region. Commute by public transit is the most popular way to get to work amongst Lucerne-Higuera occupants. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.