On average, listings lease in the $80's per square foot per year. The Wilshire-Montana region is going through a an increase in rates. In the last 3 months, the median rate increased $82 per sqft per year.
Compared to the rest of the Metropolitan Los Angeles market, the Wilshire-Montana submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 17 listings have been made available, which means listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,000 sqft. Most buildings in this area are around 4 stories. Most buildings in this area 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 area. Commute by car is the most popular way to get to work amongst Wilshire-Montana residents. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.