The typical asking rate per listing is in the $40's per square foot per year. The Downtown Los Angeles region is going through a an increase in rates. In the last 3 months, the median rate rose $3 per sqft per year. That's a 6% rise in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Downtown Los Angeles submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 209 listings have been made available, so you'll want to check back regularly for new listings. About 2% of the available leases in the Downtown Los Angeles are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 6,430 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are close to 4 stories. Most buildings in this area were built in 1933 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Waste services is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Downtown Los Angeles occupants. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.