The typical asking rate per listing is in the $20's per square foot per year. The Apartment Row region is experiencing a a rise in rates. In the last 3 months, the median rate rose $2 per sqft per year. That's a 9% increase in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Apartment Row submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 1 listings have been made available, 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 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 660 sqft. Most properties in this region are close to 1 stories. Most buildings in this area were built in 1971 and are Class C.
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 area. Commute by walking is the most popular way to get to work amongst Apartment Row occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.