On average, listings lease in the $40's per square foot per year. The Tropico region is experiencing a a boost in rates. In the last 3 months, the median rate went up $48 per sqft per year.
Compared to the rest of the Metropolitan Los Angeles market, the Tropico submarket has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 2 listings have been posted online, which means listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 100% of the office spaces in the Tropico 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.
Even though the median size is 3,460 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are approximately 1 stories. Most buildings in this market were built in 1960 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this region. Commute by motorcycle is the most popular way to get to work amongst Tropico residents. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.