The typical asking rate per listing is in the $40's per square foot per year. The Central LA submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 5% decrease in rent.
In the last 90 days, 214 listings have been made available, so you'll want to check back regularly for new listings. About 7% of the office spaces in the Central LA 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 available, so finding a space for a small business might be tough.
Even though the median size is 3,150 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are close to 3 floors. Most buildings in this market were built in 1956 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Central LA occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.