Most listings are in the $30's per square foot per year. The Northwest District region is experiencing a a boost in rates. In the last 3 months, the median rate increased $7 per sqft per year. That's a 22% increase in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Northwest District region has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 1 listings have come on the market, which means office spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 100% of the listings in the Northwest District are subleases, so you might be able to find a shorter term or below market rent. 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 20,000 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are around 2 stories. Most buildings in this market were built in 1986 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 walking is the most popular way to get to work amongst Northwest District residents. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.