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Most commerial real estate listings for lease are in the $10's per square foot per year. The Central City region is seeing a an increase in rates. In the last 3 months, the median rate for lease increased $16 per sqft per year.
Compared to the rest of the Metropolitan Los Angeles commercial real estate market, the Central City submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 41 commercial real estate listings have been made available, so you'll want to check back regularly for new listings. About 17% of the commercial real estate listings in the Central City are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard size for office space in this area is around 900 sqft. Most properties in this region are close to 1 stories. Most buildings in this area were built approximately 1979 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Central City folk. Commuting under 5 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 City.
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