Most listings are in the $20's per square foot per year. The Palma Village Groves region is going through a an increase in rates. In the last 3 months, the median rate increased $23 per sqft per year.
Compared to the rest of the Metropolitan Los Angeles market, the Palma Village Groves submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 3 listings have come on the market, which means leases are probably going fast. 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 1,200 sqft. Most properties in this area are close to 2 floors. Most buildings in this region were built in 1980 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Agriculture is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Palma Village Groves residents. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.