Central LA Office Space

Central LA

Office Space Market Report

Number of Listings (last 90 days)
388
Median Rate ($/sqft/yr)
$44
Median Size (sqft)
2,800
As of: December 4, 2016

Central LA Rates

The typical asking rate per listing is in the $40's per square foot per year. The Central LA submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 4% decline in rent.

Central LA Listing Supply

In the last 90 days, 388 listings have been posted online, so you'll want to check back regularly for new listings. About 6% of the available leases in the Central LA 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 available, so finding a space for a small business might be tough.

Even though the median size is 2,800 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are approximately 3 floors. Most buildings in this region were built in 1956 and are Class A.

Central LA Community

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 region. 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.

Market Report

Trends and status of the commercial real estate market in Central LA.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Central LA.
Research