The typical asking rate per listing is in the $50's per square foot per year. The Downtown Los Angeles submarket is seeing a an increase in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 1% increase in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Downtown Los Angeles region has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 209 listings have been listed, so you'll want to check back regularly for new listings. About 67% of the office spaces in the Downtown Los Angeles are subleases, so you might be able to snag a great spot on a short term. 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 5,400 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are approximately 4 stories. Most buildings in this region were built in 1934 and are Class A.
This area is fairly equally mixed residential and commercial. Waste services is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Downtown Los Angeles residents. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.