The typical asking rate per listing is in the $30's per square foot per year. The Rampart Village region is seeing a decline in rates. In the last 3 months, the median rate decreased $9 per sqft per year. That's a 22% decline in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Rampart Village region has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 9 listings have come on the market, which means new availabilities are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 33% of the available space in the Rampart Village 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 available, so finding a space for a small business might be tough.
Even though the median size is 18,100 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are close to 2 floors. Most buildings in this region were built in 1960 and are Class C.
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 folk. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.