On average, listings lease in the $30's per square foot per year. The Bixby Knolls submarket is going through a a boost in rates. In the last 3 months, the median rate rose $7 per sqft per year. That's a 27% rise in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Bixby Knolls region has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 2 listings have come on the market, which means office spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 5,000 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are close to 2 stories. Most buildings in this area were built in 1983 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this area. Commute by motorcycle is the most popular way to get to work amongst Bixby Knolls occupants. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.