The typical asking rate per listing is in the $20's per square foot per year. The Palma Village Groves submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 10% decrease in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Palma Village Groves submarket has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 3 listings have been listed, which means spaces are probably 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.
The standard measurement for office space in this area is around 1,200 sqft. Most properties in this market are around 2 floors. Most buildings in this market were built in 1980 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Agriculture is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Palma Village Groves folk. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.