The typical asking rate per listing is in the $50's per square foot per year. The Westside submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 3% decrease in rent.
In the last 90 days, 27 listings have been posted online, which means spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 15% of the available leases in the Westside are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 4,700 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are close to 8 stories. Most buildings in this market were built in 1979 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Company management is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Westside residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.