The typical asking rate per listing is in the $40's per square foot per year. The Downtown Los Angeles region is experiencing a a rise in rates. In the last 3 months, the median rate increased $48 per sqft per year.
Compared to the rest of the Metropolitan Los Angeles market, the Downtown Los Angeles region has more expensive 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 137% of the office spaces in the Downtown Los Angeles 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 6,460 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are around 4 floors. Most buildings in this area were built in 1934 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 market. 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.