Compared to the rest of the Metropolitan Los Angeles market, the Miracle Mile submarket has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 4 listings have been made available, which means listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. 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 2,060 sqft. Most properties in this region are approximately 10 stories. Most buildings in this market were built in 1971 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Miracle Mile residents. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.