On average, listings lease in the $10's per square foot per year. The Southeast Industrial District submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 12% decrease in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Southeast Industrial District region has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 13 listings have been listed, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. About 15% of the office spaces in the Southeast Industrial District are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,950 sqft. Most buildings in this region are around 2 floors. Most buildings in this region were built in 1984 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Southeast Industrial District residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.