Most listings are in the $30's per square foot per year. The Eastland submarket is going through a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 2% decrease in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Eastland region has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 22 listings have been listed, which means new availabilities most likley are going fast. You'll want to be prepared to make an offer immediately. About 18% of the listings in the Eastland are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 790 sqft. Most properties in this area are close to 13 floors. Most buildings in this area were built in 1987 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Arts, entertainment, and restaurants are the dominant industries in this area. Commute by bike is the most popular way to get to work amongst Eastland occupants. Commuting around an hour a day is the norm for those who opt to reside in this part of town.