On average, listings lease in the $50's per square foot per year. The Northwest District region is going through a a boost in rates. In the last 3 months, the median rate rose $13 per sqft per year. That's a 32% increase in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Northwest District submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 2 listings have been made available, which means listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 13,870 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are around 2 floors. Most buildings in this market were built in 1986 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Northwest District occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.