Most listings are in the $30's per square foot per year. The Greater Wilshire region is experiencing a a boost in rates. In the last 3 months, the median rate went up $8 per sqft per year. That's a 26% increase in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Greater Wilshire submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 15 listings have been posted online, which means new listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 120% of the available leases in the Greater Wilshire are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 1,600 sqft. Most properties in this region are around 4 floors. Most buildings in this market were built in 1959 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Greater Wilshire occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.