Central City Office Space

Central City

Office Space Market Report

Number of Listings (last 90 days)
10
Median Rate ($/sqft/yr)
$16
Median Size (sqft)
900
As of: June 22, 2017

Central City Rates

On average, listings lease in the $10's per square foot per year. The Central City region is seeing a a rise in rates. In the last 3 months, the median rate increased $16 per sqft per year.

Compared to the rest of the Metropolitan Los Angeles market, the Central City region has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.

Central City Listing Supply

In the last 90 days, 10 listings have been posted online, which means listings are probably going fast. You'll want to be prepared to make an offer immediately. About 60% of the office spaces in the Central City are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 900 sqft. Most properties in this market are close to 1 floors. Most buildings in this market were built in 1979 and are Class B.

Central City Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Central City occupants. Commuting under 5 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 Central City.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Central City.
Research