On average, listings lease in the $30's per square foot per year. The East LA submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $21 per sqft per year. That's a 40% decline in rent.
In the last 90 days, 26 listings have come on the market, which means new listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 8% of the available leases in the East LA 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 posted, so finding a space for a small business might be tough.
Even though the median size is 3,600 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are around 1 floors. Most buildings in this area were built in 1955 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this area. Most of the occupants of East LA work from home. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.