Compared to the rest of the Metropolitan Los Angeles market, the Playhouse District region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 16 listings have been made available, which means listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 81% of the available space in the Playhouse District are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 1,280 sqft. Most properties in this area are around 2 floors. Most buildings in this region were built in 1967 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Playhouse District occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.