The typical asking rate per listing is in the $30's per square foot per year. The Historic Quarter submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $31 per sqft per year.
Compared to the rest of the Metropolitan Los Angeles market, the Historic Quarter region has lower rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 8 listings have been made available, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. 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 2,420 sqft. Most buildings in this market are around 3 floors. Most buildings in this market were built in 2001 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 folk. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.