The typical asking rate per listing is in the $40's per square foot per year. The Congress Southeast submarket is experiencing a an increase in rates. In the last 3 months, the median rate went up $48 per sqft per year.
Compared to the rest of the Metropolitan Los Angeles market, the Congress Southeast region 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 posted online, which means spaces are probably 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 1,250 sqft. Most buildings in this region are approximately 2 floors. Most buildings in this market were built in 1948.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this region. Commute by motorcycle is the most popular way to get to work amongst Congress Southeast occupants. Commuting more than an hour and a half 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 Congress Southeast.
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