The typical asking rate per listing is in the $30's per square foot per year. The Raymond Hill submarket is experiencing a an increase in rates. In the last 3 months, the median rate rose $6 per sqft per year. That's a 20% increase in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Raymond Hill submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 2 listings have been made available, which means spaces most likley are 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.
The standard measurement for office space in this area is around 1,790 sqft. Most buildings in this area are close to 4 stories. Most buildings in this market were built in 1986 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Raymond Hill residents. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.