Most listings are in the $50's per square foot per year. The Century City submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $12 per sqft per year. That's a 17% decline in rent.
In the last 90 days, 21 listings have been listed, which means new availabilities might be going fast. You'll want to be prepared to make an offer immediately. About 24% of the listings in the Century City are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 3,910 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are approximately 26 floors. Most buildings in this market were built in 1972 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.