The typical asking rate per listing is in the $50's per square foot per year. The Mid-City West region is seeing a a boost in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 1% increase in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Mid-City West region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 49 listings have been posted online, so you'll want to check back regularly for new listings. About 6% of the available space in the Mid-City West 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 on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,130 sqft. Most buildings in this area are approximately 3 stories. Most buildings in this market were built in 1961 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Mid-City West occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.