Most listings are in the $40's per square foot per year. The Studio City region is seeing a decrease in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 14% decline in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Studio City region 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 leases 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,100 sqft. Most properties in this market are approximately 2 floors. Most buildings in this market were built in 1978 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Studio City occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.