On average, listings lease in the $20's per square foot per year. The Historic Quarter submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $24 per sqft per year.
Compared to the rest of the Metropolitan Los Angeles market, the Historic Quarter region has smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 7 listings have been posted online, which means leases are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 200% of the office spaces in the Historic Quarter 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,200 sqft. Most buildings in this market are approximately 2 stories. Most buildings in this market were built in 1986 and are Class B.
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 Historic Quarter residents. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.