Most listings are in the $40's per square foot per year. The City Center region is seeing a an increase in rates. In the last 3 months, the median rate rose $2 per sqft per year. That's a 6% increase in rent.
Compared to the rest of the Metropolitan Los Angeles market, the City Center region has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 19 listings have come on the market, which means new listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 153% of the available space in the City Center 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 2,880 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are approximately 12 stories. Most buildings in this area were built in 1987 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Wholesale trade is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst City Center residents. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.