The typical asking rate per listing is in the $10's per square foot per year. The The Colony region is experiencing a decrease in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 19% decrease in rent.
Compared to the rest of the Metropolitan Los Angeles market, the The Colony region has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 4 listings have been made available, which means listings might be going fast. You'll want to be prepared to make an offer immediately. About 150% of the office spaces in the The Colony are subleases, so you might be able to snag a great spot on a short term. 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 1,970 sqft. Most buildings in this area are around 2 stories. Most buildings in this market 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 market. 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.