The typical asking rate per listing is in the $50's per square foot per year. The Century City region is experiencing a decrease in rates. In the last 3 months, the median rate fell $18 per sqft per year. That's a 24% decline in rent.
In the last 90 days, 20 listings have been made available, which means new availabilities might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 20% of the available space in the Century City are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 4,700 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are close to 26 stories. Most buildings in this region were built in 1974 and are Class A.
This market is fairly equally mixed residential and commercial. Professional services is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Century City folk. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.