The typical asking rate per listing is in the $30's per square foot per year. The Downtown Los Angeles submarket is going through a decline in rates. In the last 3 months, the median rate fell $6 per sqft per year. That's a 13% decline in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Downtown Los Angeles submarket has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 201 listings have been posted online, so you'll want to check back regularly for new listings. About 2% of the available space in the Downtown Los Angeles are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 3,210 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are around 4 stories. Most buildings in this market were built in 1933 and are Class A.
A large portion of this region 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 folk. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.