Most listings are in the $20's per square foot per year. The Lake Balboa submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 3% increase in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Lake Balboa submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 5 listings have been made available, which means listings most likley are going fast. You'll want to be prepared to make an offer immediately. 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 1,500 sqft. Most buildings in this area are approximately 2 stories. Most buildings in this market were built in 1972 and are Class C.
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 taxi is the most popular way to get to work amongst Lake Balboa folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.