The typical asking rate per listing is in the $80's per square foot per year. The Wilshire-Montana region is experiencing a decrease 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 greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 12 listings have been made available, which means spaces most likley are going fast. You'll want to be prepared to make an offer immediately. 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 4,610 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are approximately 6 stories. Most buildings in this region were built in 1959 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 approximately 30 minutes a day is the norm for those who opt to reside in this part of town.