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The typical asking rate per commerial real estate listing leases is in the $30's per square foot per year. The Downtown Los Angeles submarket is seeing a decrease in rates. In the last 3 months, the median rate for lease decreased $26 per sqft per year.
Compared to the rest of the Metropolitan Los Angeles commercial real estate market, the Downtown Los Angeles region has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 1779 commercial real estate listings have been listed, so you'll want to check back regularly for new listings. About 1% of the commercial real estate listings in the Downtown Los Angeles 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.
The standard size for office space in this area is around 6,200 sqft. Most properties in this market are close to 4 stories. Most buildings in this area were built around 1931 and are Class B.
This region is fairly equally mixed residential and commercial. Waste services is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Downtown Los Angeles folk. Commuting around 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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