On average, listings lease in the $50's per square foot per year. The Central LA submarket is experiencing a a boost in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 2% increase in rent.
In the last 90 days, 405 listings have come on the market, so you'll want to check back regularly for new listings. About 66% of the office spaces in the Central LA 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 posted, so finding a space for a small business might be tough.
Even though the median size is 3,920 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are close to 3 floors. Most buildings in this market were built in 1956 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Central LA residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.