On average, listings lease in the $50's per square foot per year. The South Coast Metro region is seeing a a rise in rates. In the last 3 months, the median rate increased $2 per sqft per year. That's a 3% increase in rent.
Compared to the rest of the Metropolitan Los Angeles market, the South Coast Metro region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 29 listings have been made available, which means spaces most likley are going fast. You'll want to be prepared to make an offer immediately. About 3% of the available leases in the South Coast Metro are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 3,120 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are approximately 12 stories. Most buildings in this area were built in 1984 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Real estate is the dominant industry in this region. Commute by motorcycle is the most popular way to get to work amongst South Coast Metro folk. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.