Most listings are in the $50's per square foot per year. The Manhattan Village region is experiencing a a rise in rates. In the last 3 months, the median rate rose $51 per sqft per year.
Compared to the rest of the Metropolitan Los Angeles market, the Manhattan Village submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 2 listings have been made available, which means listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. 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 3,600 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are around 6 stories. Most buildings in this region were built in 1985 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this market. Most of the residents of Manhattan Village work from home. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.