On average, listings lease in the $50's per square foot per year. The Mid-City West region is going through a a rise in rates. In the last 3 months, the median rate rose $2 per sqft per year. That's a 4% increase in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Mid-City West region has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 49 listings have been posted online, so you'll want to check back regularly for new listings. About 43% of the listings in the Mid-City West are subleases, so you might be able to snag a great spot on a short term. 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 1,960 sqft. Most properties in this market are close to 3 stories. Most buildings in this region were built in 1958 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 region. 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.