Most listings are in the $50's per square foot per year. The Media Center submarket is experiencing a a rise in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 1% rise in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Media Center submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 28 listings have come on the market, which means listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 7% of the listings in the Media Center are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 18,690 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are close to 6 floors. Most buildings in this area were built in 1986 and are Class A.
This area is fairly equally mixed residential and commercial. Education is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Media Center folk. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.