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: July 21, 2017

West City Rates

The typical asking rate per listing is in the $20's per square foot per year. The West City region is seeing a an increase in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 11% rise in rent.

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 discounted submarket.

West City Listing Supply

In the last 90 days, 8 listings have been posted online, which means new listings are probably going fast. You'll want to be prepared to make an offer immediately. About 63% of the office spaces in the West City are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 770 sqft. Most buildings in this region 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