The typical asking rate per listing is in the $30's per square foot per year. The City Center region is going through a decline in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 6% decline in rent.
Compared to the rest of the Metropolitan Los Angeles market, the City Center submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 13 listings have been made available, which means spaces are probably going fast. You'll want to be prepared to make an offer immediately. About 8% of the listings in the City Center 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,400 sqft. Most properties in this region are close to 12 stories. Most buildings in this area were built in 1985 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find 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 around 15 minutes a day is the norm for those who opt to reside in this part of town.