On average, listings lease in the $10's per square foot per year. The The Colony region is seeing a decline in rates. In the last 3 months, the median rate fell $15 per sqft per year. That's a 48% decline in rent.
Compared to the rest of the Metropolitan Los Angeles market, the The Colony region has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 3 listings have come on the market, which means spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 33% of the listings in the The Colony are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 1,590 sqft. Most buildings in this market are approximately 2 floors. Most buildings in this area were built in 1984 and are Class B.
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 region. Commute by motorcycle is the most popular way to get to work amongst The Colony folk. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.