Most listings are in the $80's per square foot per year. The Wilshire-Montana submarket is experiencing a an increase in rates. In the last 3 months, the median rate rose $82 per sqft per year.
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, 20 listings have been posted online, which means new listings might be going fast. 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.
Even though the median size is 2,900 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are approximately 4 floors. Most buildings in this region were built in 1958 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.