Compared to the rest of the Metropolitan Los Angeles market, the Pico region has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 24 listings have come on the market, which means new availabilities might be 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 6,210 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are around 2 floors. Most buildings in this market were built in 1981 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Pico residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.