The typical asking rate per listing is in the $20's per square foot per year. The Lake View District submarket is seeing a an increase in rates. In the last 3 months, the median rate increased $6 per sqft per year. That's a 35% increase in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Lake View District region has smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 9 listings have been listed, which means 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 900 sqft. Most buildings in this area were built in 1999 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Lake View District occupants. Commuting around an hour a day is the norm for those who opt to reside in this part of town.