Most listings are in the $40's per square foot per year. The Central LA submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 4% decline in rent.
In the last 90 days, 363 listings have been listed, so you'll want to check back regularly for new listings. About 8% of the available leases in the Central LA are subleases, so you will probably have to focus your search on direct office leases. 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 3,070 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are around 3 floors. Most buildings in this area were built in 1957 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.