City Center Office Space

City Center

Market Report

Number of Listings
Posted in the last 90 days
20
Median Rate ($/sqft/yr)
$47
Median Size (sqft)
7,880

City Center Rates

Most listings are in the $40's per square foot per year. The City Center submarket is going through a an increase in rates. In the last 3 months, the median rate rose $2 per sqft per year. That's a 4% rise in rent.

Compared to the rest of the Metropolitan Los Angeles market, the City Center region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.

City Center Listing Supply

In the last 90 days, 179 listings have been listed, so you'll want to check back regularly for new listings. About 11% of the available space in the City Center 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 posted, so finding a space for a small business might be tough.

Even though the median size is 7,880 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are around 12 stories. Most buildings in this region were built in 1987 and are Class A.

City Center Community

A large portion of this area is residential, but there's plenty of office_space. Wholesale trade is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst City Center residents. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.

Market Data

Real time and historical data on commercial real estate listings in City Center.
Research