On average, listings lease in the $30's per square foot per year. The South Coast Metro submarket is going through a decrease in rates. In the last 3 months, the median rate fell $15 per sqft per year. That's a 30% decrease in rent.
Compared to the rest of the Metropolitan Los Angeles market, the South Coast Metro submarket has lower rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 15 listings have been made available, which means new availabilities most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 73% of the available leases in the South Coast Metro 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.
Even though the median size is 3,150 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are close to 12 stories. Most buildings in this market were built in 1984 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Real estate is the dominant industry in this area. Commute by motorcycle is the most popular way to get to work amongst South Coast Metro folk. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.