The typical asking rate per listing is in the $20's per square foot per year. The West Covina Central Business District submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $14 per sqft per year. That's a 35% decline in rent.
Compared to the rest of the Metropolitan Los Angeles market, the West Covina Central Business District region has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 9 listings have come on the market, which means office spaces 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,310 sqft. Most properties in this area are approximately 2 floors. Most buildings in this market were built in 1980 and are Class B.
Arts, entertainment, and restaurants are the dominant industries in this area. Commute by car is the most popular way to get to work amongst West Covina Central Business District residents. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.