On average, listings lease in the $50's per square foot per year. The Central LA region is going through a a boost in rates. In the last 3 months, the median rate increased $2 per sqft per year. That's a 3% increase in rent.
In the last 90 days, 405 listings have been listed, so you'll want to check back regularly for new listings. About 71% of the available space in the Central LA are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 3,950 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are approximately 3 stories. Most buildings in this region were built in 1956 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Central LA residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.