Central LA Sublease

6121 Santa Monica Blvd Unit A (Floor 1)
Hollywood, Los Angeles, CA

Central LA

Office Space Market Report

Number of Listings (last 90 days)
405
Median Rate ($/sqft/yr)
$56
Median Size (sqft)
4,440
As of: July 21, 2017

Central LA Rates

On average, listings lease in the $50's per square foot per year. The Central LA submarket is going through a a rise in rates. In the last 3 months, the median rate went up $8 per sqft per year. That's a 17% rise in rent.

Central LA Listing Supply

In the last 90 days, 405 listings have come on the market, so you'll want to check back regularly for new listings. About 77% of the available leases in the Central LA are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 4,780 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are approximately 3 floors. Most buildings in this area were built in 1956 and are Class B.

Central LA Community

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 region. Commute by public transit is the most popular way to get to work amongst Central LA folk. Commuting between 30 and 45 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 Central LA.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Central LA.
Research