The typical asking rate per listing is in the $80's per square foot per year. The Wilshire-Montana region is seeing a an increase in rates. In the last 3 months, the median rate went up $82 per sqft per year.
Compared to the rest of the Metropolitan Los Angeles market, the Wilshire-Montana submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 17 listings have been posted online, which means office spaces are probably 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,000 sqft. Most properties in this market are approximately 4 stories. Most buildings in this region were built in 1958 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this market. Commute by car is the most popular way to get to work amongst Wilshire-Montana residents. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.