On average, listings lease in the $20's per square foot per year. The East LA submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 15% decline in rent.
In the last 90 days, 22 listings have been posted online, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. About 5% of the available leases in the East LA 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 5,270 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are approximately 1 stories. Most buildings in this area were built in 1955 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this market. Most of the occupants of East LA work from home. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.