The typical asking rate per listing is in the $50's per square foot per year. The Washington Culver region is experiencing a a rise in rates. In the last 3 months, the median rate increased $13 per sqft per year. That's a 32% rise in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Washington Culver submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 4 listings have been made available, which means new listings 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.
The standard measurement for office space in this area is around 1,140 sqft. Most properties in this region are approximately 4 floors. Most buildings in this area were built in 2017.
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 car is the most popular way to get to work amongst Washington Culver folk. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.