Compared to the rest of the Metropolitan Los Angeles market, the Wilshire-Montana region has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 17 listings have been posted online, which means new listings might be going fast. You'll want to be prepared to make an offer immediately. About 29% of the available leases in the Wilshire-Montana 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.
The standard measurement for office space in this area is around 980 sqft. Most buildings in this area are around 4 floors. Most buildings in this region were built in 1958 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this area. Commute by car is the most popular way to get to work amongst Wilshire-Montana residents. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.