On average, listings lease in the $10's per square foot per year. The Lake View District submarket is going through a a rise in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 7% increase in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Lake View District region has smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 11 listings have been posted online, which means office spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 900 sqft. Most buildings in this market were built in 1999 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Lake View District residents. Commuting around an hour a day is the norm for those who opt to reside in this part of town.