The typical asking rate per listing is in the $50's per square foot per year. The Central LA submarket is experiencing a a rise in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 5% rise in rent.
In the last 90 days, 4247 listings have been posted online, so you'll want to check back regularly for new listings. About 7% of the available space in the Central LA are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 5,500 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are around 3 floors. Most buildings in this region were built in 1955 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 residents. 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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