Compared to the rest of the Metropolitan Los Angeles market, the Miracle Mile region has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 12 listings have been posted online, which means office spaces might be 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 available, so finding a space for a small business might be tough.
Even though the median size is 3,670 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are around 10 stories. Most buildings in this region were built in 1971 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Miracle Mile residents. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.