On average, listings lease in the $70's per square foot per year. The Studio City submarket is going through a a rise in rates. In the last 3 months, the median rate rose $26 per sqft per year. That's a 58% rise in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Studio City submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 4 listings have been made available, which means spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 100% of the available space in the Studio City are subleases, so you might be able to find a shorter term or below market rent. 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 1,350 sqft. Most buildings in this area are approximately 3 stories. Most buildings in this area were built in 1956 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Studio City residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.