Most listings are in the $30's per square foot per year. The Midtown submarket is experiencing a a rise in rates. In the last 3 months, the median rate rose $31 per sqft per year.
Compared to the rest of the Metropolitan Los Angeles market, the Midtown region has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 3 listings have been listed, which means office spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 5,220 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are around 2 floors. Most buildings in this market were built in 1973 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Midtown occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.