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The typical asking rate per commerial real estate listing leases is in the $40's per square foot per year. The Downtown Los Angeles region is experiencing a decline in rates. In the last 3 months, the median rate for lease fell $16 per sqft per year.
Compared to the rest of the Metropolitan Los Angeles commercial real estate market, the Downtown Los Angeles region has greater rates for rent, and you may need to pay a premium to be in this hot submarket.
In the last 180 days, 1779 commercial real estate listings have been listed, so you'll want to check back regularly for new listings. About 1% of the available commercial real estate space in the Downtown Los Angeles are subleases, so you will probably have to focus your search on direct leases. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard size for office space in this area is around 700 sqft. Most properties in this market are close to 3 floors. Most buildings in this area were built close to 1937 and are Class B.
This region is fairly equally mixed residential and commercial. Waste services is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Downtown Los Angeles residents. Commuting close to 30 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 Downtown Los Angeles.
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