On average, listings lease in the $10's per square foot per year. The Lake View District submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 6% decrease in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Lake View District submarket has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 7 listings have been made available, which means spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 860 sqft. Most buildings in this area were built in 1989 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 residents. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.