The typical asking rate per listing is in the $40's per square foot per year. The Downtown Los Angeles region is experiencing a a rise in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 7% rise in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Downtown Los Angeles region has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 209 listings have come on the market, so you'll want to check back regularly for new listings. About 2% of the available space in the Downtown Los Angeles are subleases, so you will probably have to consider a longer term lease. 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 6,960 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are close to 4 stories. Most buildings in this market were built in 1934 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Waste services is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Downtown Los Angeles occupants. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.