On average, listings lease in the $20's per square foot per year. The Lakewood Mutual submarket is going through a a boost in rates. In the last 3 months, the median rate went up $29 per sqft per year.
Compared to the rest of the Metropolitan Los Angeles market, the Lakewood Mutual submarket has lower rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 7 listings have been posted online, which means new availabilities are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,800 sqft. Most properties in this region are around 2 stories. Most buildings in this region were built in 1987 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Lakewood Mutual occupants. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.