Wilshire-Montana Office Space

Wilshire-Montana

Office Space Market Report

Number of Listings (last 90 days)
17
Median Rate ($/sqft/yr)
$86
Median Size (sqft)
4,250
As of: May 21, 2017

Wilshire-Montana Rates

The typical asking rate per listing is in the $80's per square foot per year. The Wilshire-Montana submarket is seeing a an increase in rates. In the last 3 months, the median rate increased $5 per sqft per year. That's a 6% rise in rent.

Compared to the rest of the Metropolitan Los Angeles market, the Wilshire-Montana submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Wilshire-Montana Listing Supply

In the last 90 days, 17 listings have come on the market, which means listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 6% of the listings in the Wilshire-Montana are subleases, so you will probably have to focus your search on direct office leases. 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 4,250 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are close to 4 stories. Most buildings in this region were built in 1958 and are Class A.

Wilshire-Montana Community

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 area. Commute by car is the most popular way to get to work amongst Wilshire-Montana residents. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Wilshire-Montana.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Wilshire-Montana.
Research