Northwest District Office Space

Northwest District

Office Space Market Report

Number of Listings (last 90 days)
2
Median Rate ($/sqft/yr)
$51
Median Size (sqft)
1,580
As of: August 19, 2017

Northwest District Rates

The typical asking rate per listing is in the $50's per square foot per year. The Northwest District submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 3% decrease in rent.

Compared to the rest of the Metropolitan Los Angeles market, the Northwest District region has higher rates, and you'll need to pay a premium to be in this hot submarket.

Northwest District Listing Supply

In the last 90 days, 2 listings have been made available, which means listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 200% of the available space in the Northwest District 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 posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,580 sqft. Most properties in this region are around 2 stories. Most buildings in this market were built in 1986 and are Class B.

Northwest District Community

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 region. 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.

Market Report

Trends and status of the commercial real estate market in Northwest District.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Northwest District.
Research