Compared to the rest of the Metropolitan Los Angeles market, the Lucerne-Higuera submarket has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 11 listings have come on the market, which means office spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 9% of the available leases in the Lucerne-Higuera are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 3,700 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are around 1 floors. Most buildings in this area were built in 1969 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this market. Commute by public transit is the most popular way to get to work amongst Lucerne-Higuera residents. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.