Most listings are in the $80's per square foot per year. The Wilshire-Montana submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $14 per sqft per year. That's a 15% decrease in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Wilshire-Montana region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 9 listings have been posted online, which means spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 11% of the available space in the Wilshire-Montana 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 available, so finding a space for a small business might be tough.
Even though the median size is 4,510 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are close to 6 stories. Most buildings in this region were built in 1975 and are Class B.
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 market. Commute by car is the most popular way to get to work amongst Wilshire-Montana folk. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.