On average, listings lease in the $20's per square foot per year. The Terra Vista submarket is experiencing a a rise in rates. In the last 3 months, the median rate went up $23 per sqft per year.
Compared to the rest of the Metropolitan Los Angeles market, the Terra Vista submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 0 listings have been posted online, which means office spaces most likley are going fast. You'll want to be prepared to make an offer immediately. About Inf% of the available leases in the Terra Vista 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,530 sqft. Most buildings in this market are around 1 floors. Most buildings in this area were built in 1991 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Terra Vista occupants. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.