Most listings are in the $80's per square foot per year. The Wilshire-Montana region is experiencing a a rise in rates. In the last 3 months, the median rate rose $82 per sqft per year.
Compared to the rest of the Metropolitan Los Angeles market, the Wilshire-Montana region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 20 listings have been made available, which means new availabilities might be 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.
Even though the median size is 2,900 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are around 4 stories. Most buildings in this market were built in 1958 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 folk. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.