Most listings are in the $30's per square foot per year. The Pico Union submarket is seeing a an increase in rates. In the last 3 months, the median rate increased $40 per sqft per year.
Compared to the rest of the Metropolitan Los Angeles market, the Pico Union region has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 2 listings have come on the market, which means leases most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 20,000 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are close to 2 stories. Most buildings in this area were built in 1958 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Agriculture is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Pico Union folk. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.