The typical asking rate per listing is in the $40's per square foot per year. The Central LA region is going through a decrease in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 10% decrease in rent.
In the last 90 days, 230 listings have come on the market, so you'll want to check back regularly for new listings. About 6% of the available leases in the Central LA are subleases, so you will probably have to consider a longer term lease. 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 2,320 sqft. Most properties in this area are close to 3 stories. Most buildings in this market were built in 1957 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Central LA residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.