On average, listings lease in the $40's per square foot per year. The Downtown Los Angeles region is seeing a decrease in rates. In the last 3 months, the median rate fell $6 per sqft per year. That's a 13% decrease in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Downtown Los Angeles submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 106 listings have come on the market, so you'll want to check back regularly for new listings. About 6% of the listings in the Downtown Los Angeles are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 3,370 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are approximately 4 stories. Most buildings in this area were built in 1937 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Waste services is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Downtown Los Angeles folk. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.