The typical asking rate per listing is in the $30's per square foot per year. The Mid City submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $4 per sqft per year. That's a 11% increase in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Mid City region has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 1 listings have come on the market, which means office spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 3,000 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are close to 1 stories. Most buildings in this region were built in 1946 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Mid City folk. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.