On average, listings lease in the $30's per square foot per year. The Bixby Knolls region is experiencing a decline in rates. In the last 3 months, the median rate decreased $15 per sqft per year. That's a 32% decline in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Bixby Knolls submarket has lower rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 6 listings have come on the market, which means leases most likley are going fast. 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 2,440 sqft. Most buildings in this market are around 2 floors. 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 around an hour a day is the norm for those who opt to reside in this part of town.