On average, listings lease in the $20's per square foot per year. The Lake View District submarket is experiencing a a boost in rates. In the last 3 months, the median rate went up $6 per sqft per year. That's a 35% increase in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Lake View District region has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 4 listings have come on the market, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. 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 2,130 sqft. Most buildings in this market were built in 1999 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Lake View District occupants. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.