Compared to the rest of the Metropolitan Los Angeles market, the Greater Wilshire submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 15 listings have been posted online, which means spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 113% of the office spaces in the Greater Wilshire are subleases, so you might be able to find a shorter term or below market rent. 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 1,900 sqft. Most properties in this region are approximately 4 stories. Most buildings in this area were built in 1959 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Greater Wilshire folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.