On average, listings lease in the $30's per square foot per year. The Warner Center submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 7% decline in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Warner Center submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 22 listings have been listed, which means spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 32% of the available leases in the Warner Center are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 4,930 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are close to 3 stories. Most buildings in this area were built in 1979 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Wholesale trade is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Warner Center folk. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.