On average, listings lease in the $50's per square foot per year. The Mid-City West region is experiencing a a rise in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 1% rise in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Mid-City West region has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 49 listings have come on the market, so you'll want to check back regularly for new listings. About 6% of the office spaces in the Mid-City West are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 2,130 sqft. Most buildings in this market are close to 3 floors. Most buildings in this area were built in 1961 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Mid-City West residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.