Most listings are in the $20's per square foot per year. The North Main Street District submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 14% decrease in rent.
Compared to the rest of the Metropolitan Los Angeles market, the North Main Street District submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 2 listings have been posted online, which means leases might be leasing quickly. 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 1,300 sqft. Most properties in this region are approximately 3 stories. Most buildings in this region were built in 2001 and are Class A.
This market 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 folk. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.