Most listings are in the $50's per square foot per year. The Westside region is experiencing a decrease in rates. In the last 3 months, the median rate fell $6 per sqft per year. That's a 10% decrease in rent.
In the last 90 days, 39 listings have come on the market, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 5% of the office spaces in the Westside are subleases, so you will probably have to consider a longer term 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 4,820 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are close to 11 stories. Most buildings in this market were built in 1974 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Company management is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Westside folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.