Most listings are in the $0's per square foot per year. The SoBeCa submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $20 per sqft per year. That's a 100% decline in rent.
In the last 90 days, 6 listings have come on the market, which means leases 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around sqft. Most buildings in this market are approximately 3 stories. Most buildings in this area were built in 1980 and are Class B.
Professional services is the dominant industry in this area. Commute by car is the most popular way to get to work amongst SoBeCa residents. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.