The typical asking rate per listing is in the $50's per square foot per year. The Media Center region is experiencing a a rise in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 1% increase in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Media Center submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 10 listings have been listed, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. About 20% of the office spaces in the Media Center 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 8,460 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are around 6 floors. Most buildings in this market were built in 1986 and are Class A.
This area is fairly equally mixed residential and commercial. Education is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Media Center folk. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.