The typical asking rate per listing is in the $20's per square foot per year. The North Main Street District region is going through a decline in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 12% decrease in rent.
Compared to the rest of the Metropolitan Los Angeles market, the North Main Street District region has lower rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 6 listings have been listed, which means new availabilities might be going fast. You'll want to be prepared to make an offer immediately. About 17% of the office spaces in the North Main Street 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,590 sqft. Most buildings in this region are close to 3 stories. Most buildings in this market were built in 2001 and are Class A.
This region is fairly equally mixed residential and commercial. Agriculture is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst North Main Street District residents. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.