Most listings are in the $30's per square foot per year. The Downtown Los Angeles region is going through a an increase in rates. In the last 3 months, the median rate increased $8 per sqft per year. That's a 25% increase 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 submarket.
In the last 90 days, 209 listings have been made available, so you'll want to check back regularly for new listings. About 4% of the office spaces in the Downtown Los Angeles are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 4,600 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are around 4 floors. Most buildings in this market were built in 1933 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 area. Commute by car is the most popular way to get to work amongst Downtown Los Angeles folk. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.