Most listings are in the $50's per square foot per year. The Mid-City West submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $9 per sqft per year. That's a 19% increase in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Mid-City West region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 62 listings have been listed, so you'll want to check back regularly for new listings. About 6% of the available leases in the Mid-City West 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 on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,600 sqft. Most properties in this area are close to 3 stories. Most buildings in this area were built in 1961 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Mid-City West occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.