On average, listings lease in the $40's per square foot per year. The Central LA submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $4 per sqft per year. That's a 9% increase in rent.
In the last 90 days, 465 listings have been listed, so you'll want to check back regularly for new listings. About 7% of the listings in the Central LA are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 3,070 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are close to 3 stories. Most buildings in this market were built in 1956 and are Class A.
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 occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.