On average, listings lease in the $50's per square foot per year. The Century City submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $18 per sqft per year. That's a 24% decrease in rent.
In the last 90 days, 20 listings have been posted online, which means spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 20% 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 available, so finding a space for a small business might be tough.
Even though the median size is 4,700 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are close to 26 stories. Most buildings in this market 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 folk. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.