On average, listings lease in the $50's per square foot per year. The Central LA region is seeing a an increase in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 1% increase in rent.
In the last 90 days, 4247 listings have been made available, so you'll want to check back regularly for new listings. About 7% of the office spaces in the Central LA are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 6,430 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are approximately 3 stories. Most buildings in this market were built in 1956 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Central LA folk. Commuting between 30 and 45 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 Central LA.
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