Most listings are in the $20's per square foot per year. The Historic Quarter region is going through a an increase in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 3% increase in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Historic Quarter region has smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 7 listings have been made available, which means new listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 186% of the available space in the Historic Quarter 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,200 sqft. Most buildings in this market are around 2 floors. Most buildings in this market were built in 1986 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Historic Quarter residents. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.