Greater Wilshire Office Space

Greater Wilshire

Office Space Market Report

Number of Listings (last 90 days)
15
Median Rate ($/sqft/yr)
$31
Median Size (sqft)
2,280
As of: March 12, 2017

Greater Wilshire Rates

Most listings are in the $30's per square foot per year. The Greater Wilshire region is going through a decrease in rates. In the last 3 months, the median rate decreased $29 per sqft per year. That's a 48% decrease in rent.

Compared to the rest of the Metropolitan Los Angeles market, the Greater Wilshire region has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.

Greater Wilshire Listing Supply

In the last 90 days, 15 listings have come on the market, which means new listings are probably going fast. You'll want to be prepared to make an offer immediately. About 13% of the office spaces 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 available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,280 sqft. Most properties in this area are approximately 5 stories. Most buildings in this area were built in 1961 and are Class A.

Greater Wilshire Community

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 folk. Commuting between 30 and 45 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 Greater Wilshire.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Greater Wilshire.
Research