On average, listings lease in the $0's per square foot per year. The Wilshire-Montana submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $81 per sqft per year. That's a 100% decrease in rent.
In the last 90 days, 12 listings have been listed, which means office spaces are probably going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 3,460 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are close to 6 stories. Most buildings in this region were built in 1959 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this area. Commute by car is the most popular way to get to work amongst Wilshire-Montana residents. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.