The typical asking rate per listing is in the $30's per square foot per year. The East LA region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $14 per sqft per year. That's a 31% decrease in rent.
In the last 90 days, 22 listings have been listed, which means leases are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 73% of the available space in the East LA 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 available, so finding a space for a small business might be tough.
Even though the median size is 5,000 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are around 2 stories. Most buildings in this region were built in 1952 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 market. Most of the residents of East LA work from home. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.