Compared to the rest of the Metropolitan Los Angeles market, the Wilshire-Montana region has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 17 listings have been listed, which means new listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 18% of the available space in the Wilshire-Montana 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 on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 980 sqft. Most buildings in this region are around 4 stories. Most buildings in this area were built in 1958 and are Class A.
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 market. Commute by car is the most popular way to get to work amongst Wilshire-Montana occupants. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.