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