The typical asking rate per listing is in the $30's per square foot per year. The Downtown Los Angeles region is going through a decrease in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 4% decrease 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 pay a premium to be in this hot submarket.
In the last 90 days, 202 listings have been made available, so you'll want to check back regularly for new listings. About 2% of the available space in the Downtown Los Angeles 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 available, so finding a space for a small business might be tough.
Even though the median size is 3,210 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are approximately 4 stories. Most buildings in this region were built in 1933 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. 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 folk. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.