On average, listings lease in the $20's per square foot per year. The North Main Street District submarket is going through a a rise in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 13% increase in rent.
Compared to the rest of the Metropolitan Los Angeles market, the North Main Street District submarket has lower rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 5 listings have come on the market, which means new listings might be going fast. You'll want to be prepared to make an offer immediately. 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 1,900 sqft. Most properties in this market are approximately 3 stories. Most buildings in this market were built in 2001 and are Class A.
This area is fairly equally mixed residential and commercial. Agriculture is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst North Main Street District occupants. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.