On average, listings lease in the $40's per square foot per year. The West Covina Central Business District region is experiencing a an increase in rates. In the last 3 months, the median rate went up $16 per sqft per year. That's a 61% rise in rent.
Compared to the rest of the Metropolitan Los Angeles market, the West Covina Central Business District submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 9 listings have been listed, which means listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. 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 2,140 sqft. Most properties in this market are close to 2 floors. Most buildings in this region were built in 1980 and are Class B.
Arts, entertainment, and restaurants are the dominant industries in this area. Commute by car is the most popular way to get to work amongst West Covina Central Business District occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.