Most listings are in the $50's per square foot per year. The Media Center submarket is experiencing a a boost in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 1% increase in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Media Center region has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 10 listings have come on the market, which means office spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 20% of the office spaces in the Media 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 available, so finding a space for a small business might be tough.
Even though the median size is 8,460 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are approximately 6 floors. Most buildings in this market were built in 1986 and are Class A.
This area is fairly equally mixed residential and commercial. Education is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Media Center occupants. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.