On average, listings lease in the $30's per square foot per year. The Alicia Gateway submarket is seeing a decline in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 9% decline in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Alicia Gateway region has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 2 listings have been made available, which means spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 50% of the available leases in the Alicia Gateway 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 4,220 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are close to 2 floors. Most buildings in this market were built in 1979 and are Class B.
A large portion of this area is residential, but there's plenty of office_space. Arts, entertainment, and restaurants are the dominant industries in this market. Most of the residents of Alicia Gateway work from home. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.