On average, listings lease in the $50's per square foot per year. The Downtown Los Angeles region is seeing a a rise in rates. In the last 3 months, the median rate rose $10 per sqft per year. That's a 21% rise in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Downtown Los Angeles submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 209 listings have come on the market, so you'll want to check back regularly for new listings. About 78% of the available space in the Downtown Los Angeles 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 5,190 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are close to 4 floors. Most buildings in this market were built in 1934 and are Class A.
This region is fairly equally mixed residential and commercial. Waste services is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Downtown Los Angeles folk. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.