The typical asking rate per listing is in the $50's per square foot per year. The Manhattan Village submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $55 per sqft per year. That's a Inf% rise in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Manhattan Village region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 3 listings have been made available, which means spaces most likley are going fast. 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.
The standard measurement for office space in this area is around 1,730 sqft. Most buildings in this market are approximately 6 floors. Most buildings in this region were built in 1985 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this area. Most of the occupants of Manhattan Village work from home. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.