West City Office Space

West City

Office Space Market Report

Number of Listings (last 90 days)
8
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
770
As of: June 24, 2017

West City Rates

The typical asking rate per listing is in the $20's per square foot per year. The West City submarket is going through a a rise in rates. In the last 3 months, the median rate increased $24 per sqft per year.

Compared to the rest of the Metropolitan Los Angeles market, the West City submarket has lower rates, so you should have no trouble finding a great deal in this undervalued region.

West City Listing Supply

In the last 90 days, 8 listings have come on the market, which means listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 25% of the office spaces in the West City are subleases, so you might be able to snag a great spot on a short term. 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 5,420 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are approximately 2 floors. Most buildings in this market were built in 1988 and are Class B.

West City Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst West City residents. Commuting between 20 and 25 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 West City.
Market Report

Market Data

Real time and historical data on commercial real estate listings in West City.
Research