Mid-City West Office Space

Mid-City West

Office Space Market Report

Number of Listings (last 90 days)
49
Median Rate ($/sqft/yr)
$48
Median Size (sqft)
1,460
As of: December 3, 2016

Mid-City West Rates

Most listings are in the $40's per square foot per year. The Mid-City West submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $8 per sqft per year. That's a 14% decrease 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 pay a premium to be in this hot submarket.

Mid-City West Listing Supply

In the last 90 days, 49 listings have been posted online, so you'll want to check back regularly for new listings. About 8% of the listings 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 1,460 sqft. Most properties in this region are around 3 stories. Most buildings in this region were built in 1961 and are Class A.

Mid-City West Community

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 residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Mid-City West.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Mid-City West.
Research