City Center Retail

City Center

Office Space Market Report

Number of Listings (last 90 days)
13
Median Rate ($/sqft/yr)
$36
Median Size (sqft)
2,400
As of: December 5, 2016

City Center Rates

Most listings are in the $30's per square foot per year. The City Center submarket is going through a decrease in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 6% decrease in rent.

Compared to the rest of the Metropolitan Los Angeles market, the City Center region has greater rates, and you'll need to pay a premium to be in this hot region.

City Center Listing Supply

In the last 90 days, 13 listings have been listed, which means spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 8% of the available space in the City Center are subleases, so you will probably have to focus your search on direct office leases. 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 2,400 sqft. Most buildings in this region are around 12 stories. Most buildings in this region were built in 1985 and are Class A.

City Center Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst City Center residents. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in City Center.
Market Report

Market Data

Real time and historical data on commercial real estate listings in City Center.
Research