City Center Sublease

City Center

Office Space Market Report

Number of Listings (last 90 days)
19
Median Rate ($/sqft/yr)
$45
Median Size (sqft)
2,880
As of: August 19, 2017

City Center Rates

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.

City Center Listing Supply

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.

City Center Community

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.

Market Report

Trends and status of the commercial real estate market in City Center.
Market Report

Market Data

Real time and historical data on commercial real estate listings in City Center.
Research