City Center Office Space

City Center

Office Space Market Report

Number of Listings (last 90 days)
11
Median Rate ($/sqft/yr)
$32
Median Size (sqft)
2,190
As of: February 20, 2017

City Center Rates

Most listings are in the $30's per square foot per year. The City Center submarket is going through a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 2% decrease in rent.

Compared to the rest of the Metropolitan Los Angeles market, the City Center submarket has lower rates, so you should have no trouble finding a great deal in this undervalued region.

City Center Listing Supply

In the last 90 days, 11 listings have been posted online, which means new availabilities most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 9% of the office spaces in the City Center are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,190 sqft. Most buildings in this market are approximately 12 stories. Most buildings in this market were built in 1985 and are Class A.

City Center Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst City Center folk. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in City Center.
Market Report

Market Data

Real time and historical data on commercial real estate listings in City Center.
Research