The typical asking rate per listing is in the $30's per square foot per year. The North Main Street District submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $33 per sqft per year.
Compared to the rest of the Metropolitan Los Angeles market, the North Main Street District submarket has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 5 listings have come on the market, which means listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 140% of the office spaces in the North Main Street District 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 posted, so finding a space for a small business might be tough.
Even though the median size is 3,530 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are close to 3 floors. Most buildings in this area were built in 2001 and are Class A.
This region is fairly equally mixed residential and commercial. Agriculture is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst North Main Street District residents. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.