The typical asking rate per listing is in the $30's per square foot per year. The Rampart Village region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $12 per sqft per year. That's a 23% decline in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Rampart Village submarket has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 9 listings have come on the market, which means leases are probably going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 5,780 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are around 3 stories. Most buildings in this market were built in 1963 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Rampart Village occupants. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.