The typical asking rate per listing is in the $50's per square foot per year. The Downtown Los Angeles region is experiencing a an increase in rates. In the last 3 months, the median rate increased $10 per sqft per year. That's a 21% increase in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Downtown Los Angeles region has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 209 listings have been made available, so you'll want to check back regularly for new listings. About 81% of the office spaces in the Downtown Los Angeles are subleases, so you might be able to find a shorter term or below market rent. 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 5,530 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are close to 4 stories. Most buildings in this market were built in 1934 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Waste services is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Downtown Los Angeles occupants. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.