On average, listings lease in the $10's per square foot per year. The Southeast Industrial District region is going through a decline in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 12% decrease in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Southeast Industrial District region has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 12 listings have been posted online, which means new listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 8% of the listings in the Southeast Industrial District are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,340 sqft. Most buildings in this market are close to 2 floors. Most buildings in this market were built in 1984 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Southeast Industrial District residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.