Mid-City West Sublease

Mid-City West

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 27, 2016

Mid-City West Rates

On average, listings lease in the $50's per square foot per year. The Mid-City West submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $13 per sqft per year. That's a 30% rise in rent.

Compared to the rest of the Metropolitan Los Angeles market, the Mid-City West submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot region.

Mid-City West Listing Supply

In the last 90 days, 22 listings have come on the market, which means leases most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 18% of the listings in the Mid-City West 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 3,670 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are close to 5 floors. Most buildings in this area were built in 1961 and are Class A.

Mid-City West Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Mid-City West residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Mid-City West.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Mid-City West.