The typical asking rate per listing is in the $30's per square foot per year. The City Center region is experiencing a an increase in rates. In the last 3 months, the median rate increased $38 per sqft per year.
Compared to the rest of the Metropolitan Los Angeles market, the City Center submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 19 listings have been made available, which means listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 189% of the listings in the City Center are subleases, so you might be able to find a shorter term or below market rent. 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 5,060 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are around 12 floors. Most buildings in this area were built in 1989 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Wholesale trade is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst City Center residents. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.