Los Angeles Market Status

Median Rate
$39
/sqft/yr
Since 90 days ago
$-1
/sqft/yr
Median Size
2,620
sqft

Concentration of Listing Postings in Los Angeles

Los Angeles Rates

On average, listings lease in the $30's per square foot per year. The Los Angeles submarket is going through a decline in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 4% decrease in rent.

Compared to the rest of the Metropolitan Los Angeles market, the Los Angeles submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot region.

Los Angeles Listing Supply

In the last 90 days, 1205 listings have come on the market, so you'll want to check back regularly for new listings. About 5% of the office spaces in the Los Angeles are subleases, so you will probably have to consider a longer term lease. 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 2,620 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are close to 2 floors. Most buildings in this region were built in 1969 and are Class A.

Los Angeles Community

Subleases

5%
Subleases

Under 5000 sqft

45%
Under 5000 sqft

Top Submarkets

Rate/sqft/yr Listing Inventorylast 90 days
1. Downtown Los Angeles $30 1,722,850 sqft
2. Hollywood $49 474,200 sqft
3. Westchester-Playa Del Rey $23 321,000 sqft
4. Westwood $40 303,470 sqft
5. Historic Cultural $30 205,560 sqft
6. Marina del Rey $42 177,660 sqft
7. Woodland Hills-Warner Center $27 171,860 sqft
8. Westside $42 162,710 sqft
9. Central San Pedro $29 145,230 sqft
10. West Los Angeles $39 136,210 sqft

Listing Rates

Average Asking Rate Over Time (/sqft/yr)

Historical rate data provided by JLL.

Listing Rates by Submarket