The typical asking rate per listing is in the $40's per square foot per year. The Mid-City West submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $8 per sqft per year. That's a 14% decrease in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Mid-City West region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 49 listings have come on the market, so you'll want to check back regularly for new listings. About 8% of the available space 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,460 sqft. Most properties in this area are close to 3 floors. Most buildings in this region 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 folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.