City Center Sublease

City Center

Office Space Market Report

Number of Listings (last 90 days)
14
Median Rate ($/sqft/yr)
$39
Median Size (sqft)
2,190
As of: January 21, 2017

City Center Rates

The typical asking rate per listing is in the $30's per square foot per year. The City Center region is experiencing a an increase in rates. In the last 3 months, the median rate increased $2 per sqft per year. That's a 7% increase in rent.

Compared to the rest of the Metropolitan Los Angeles market, the City Center region has greater rates, and you'll have to negotiate above asking rent to be in this hot region.

City Center Listing Supply

In the last 90 days, 13 listings have been listed, which means spaces most likley are going fast. You'll want to be prepared to make an offer immediately. About 8% of the available leases in the City Center are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 2,190 sqft. Most properties in this region are around 12 floors. Most buildings in this area were built in 1985 and are Class A.

City Center Community

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 area. Commute by bike is the most popular way to get to work amongst City Center folk. Commuting approximately 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