On average, listings lease in the $30's per square foot per year. The East Hollywood region is going through a decrease in rates. In the last 3 months, the median rate decreased $32 per sqft per year. That's a 51% decrease in rent.
Compared to the rest of the Metropolitan Los Angeles market, the East Hollywood submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 0 listings have been listed, which means new availabilities might be going fast. You'll want to be prepared to tour spaces as quick as possible. About Inf% of the office spaces in the East Hollywood are subleases, so you might be able to find a shorter term or below market rent. 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 1,800 sqft. Most buildings in this market are approximately 3 floors. Most buildings in this area were built in 1970 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this area. Commute by motorcycle is the most popular way to get to work amongst East Hollywood occupants. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.