On average, listings lease in the $30's per square foot per year. The Downtown Los Angeles region is experiencing a decline in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 11% decline in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Downtown Los Angeles region has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 221 listings have come on the market, so you'll want to check back regularly for new listings. About 4% of the available space 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 3,800 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are close to 4 stories. Most buildings in this market were built in 1933 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 region. Commute by car is the most popular way to get to work amongst Downtown Los Angeles residents. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.