On average, listings lease in the $20's per square foot per year. The Lake View District submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $6 per sqft per year. That's a 35% rise in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Lake View District region has lower rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 9 listings have been listed, which means listings are probably 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 900 sqft. Most buildings in this market were built in 1999 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Lake View District occupants. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.