On average, listings lease in the $50's per square foot per year. The Downtown Culver City submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $55 per sqft per year.
Compared to the rest of the Metropolitan Los Angeles market, the Downtown Culver City submarket has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 0 listings have come on the market, which means new availabilities are probably going fast. You'll want to be prepared to make an offer immediately. About NaN% of the available leases in the Downtown Culver City are subleases, so you will probably have to focus your search on direct office leases. 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 5,400 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are approximately 4 floors. Most buildings in this market were built in 2017.
This market is fairly equally mixed residential and commercial. Professional services is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Downtown Culver City occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.