Most listings are in the $30's per square foot per year. The Bixby Knolls submarket is seeing a decline in rates. In the last 3 months, the median rate fell $12 per sqft per year. That's a 27% decrease in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Bixby Knolls region has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 7 listings have been posted online, which means spaces 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,310 sqft. Most properties in this market are around 2 stories. Most buildings in this area were built in 1980 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this area. Commute by motorcycle is the most popular way to get to work amongst Bixby Knolls residents. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.