Compared to the rest of the Metropolitan Los Angeles market, the Civic Center submarket has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 22 listings have come on the market, which means office spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 23% of the office spaces in the Civic 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 3,000 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are around 3 floors. Most buildings in this area were built in 1982 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 Civic Center occupants. Commuting between 20 and 25 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 Civic Center.
Get email notifications when new listings are posted that match your requirements.