Most listings are in the $70's per square foot per year. The Mid-City submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 7% decrease in rent.
In the last 90 days, 32 listings have been listed, which means office spaces might be going fast. You'll want to be prepared to make an offer immediately. About 6% of the office spaces in the Mid-City 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 available, so finding a space for a small business might be tough.
Even though the median size is 2,970 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are around 3 stories. Most buildings in this market were built in 1972 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this region. Most of the residents of Mid-City work from home. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.