On average, listings lease in the $10's per square foot per year. The Historic Quarter region is experiencing a decline in rates. In the last 3 months, the median rate fell $16 per sqft per year. That's a 44% decrease in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Historic Quarter region has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 14 listings have been made available, which means new availabilities are probably 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,000 sqft. Most buildings in this region are around 2 floors. Most buildings in this region were built in 2001 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 region. Commute by walking is the most popular way to get to work amongst Historic Quarter folk. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.