The typical asking rate per listing is in the $30's per square foot per year. The East Hollywood submarket is going through a decrease in rates. In the last 3 months, the median rate fell $32 per sqft per year. That's a 51% decline in rent.
Compared to the rest of the Metropolitan Los Angeles market, the East Hollywood submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 0 listings have been listed, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. About Inf% of the listings in the East Hollywood are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,800 sqft. Most properties in this area are close to 3 floors. Most buildings in this area were built in 1970 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this region. Commute by motorcycle is the most popular way to get to work amongst East Hollywood residents. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.