Compared to the rest of the Metropolitan Los Angeles market, the Greater Wilshire submarket has lower rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 14 listings have been made available, which means new listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 14% of the listings in the Greater Wilshire 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 posted, 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 properties in this market are around 5 floors. Most buildings in this market were built in 1961 and are Class A.
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 market. Commute by walking is the most popular way to get to work amongst Greater Wilshire residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.