On average, listings lease in the $60's per square foot per year. The Century City region is seeing a decline in rates. In the last 3 months, the median rate decreased $10 per sqft per year. That's a 13% decline in rent.
In the last 90 days, 15 listings have been made available, which means listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 27% of the available leases in the Century City are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 8,100 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are around 26 stories. Most buildings in this market were built in 1974 and are Class A.
This area is fairly equally mixed residential and commercial. Professional services is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Century City occupants. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.