The typical asking rate per listing is in the $50's per square foot per year. The Playhouse District submarket is experiencing a an increase in rates. In the last 3 months, the median rate rose $2 per sqft per year. That's a 5% rise in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Playhouse District submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 107 listings have been posted online, so you'll want to check back regularly for new listings. About 11% of the available leases in the Playhouse District are subleases, so you might be able to sign a shorter term by taking over a previous 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 measurement for office space in this area is around 2,200 sqft. Most buildings in this market are close to 3 floors. Most buildings in this region were built in 1967 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Playhouse District folk. 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 Playhouse District.
Get email notifications when new listings are posted that match your requirements.