The typical asking rate per listing is in the $60's per square foot per year. The Century City region is going through a decline in rates. In the last 3 months, the median rate decreased $10 per sqft per year. That's a 13% decline in rent.
In the last 90 days, 15 listings have come on the market, which means new listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 27% of the office spaces in the Century City 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 posted, so finding a space for a small business might be tough.
Even though the median size is 8,100 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are approximately 26 stories. Most buildings in this region were built in 1974 and are Class A.
This area is fairly equally mixed residential and commercial. Professional services is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Century City residents. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.