Mid-City West Sublease

Mid-City West

Office Space Market Report

Number of Listings (last 90 days)
47
Median Rate ($/sqft/yr)
$56
Median Size (sqft)
2,300
As of: February 26, 2017

Mid-City West Rates

The typical asking rate per listing is in the $50's per square foot per year. The Mid-City West submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $2 per sqft per year. That's a 3% increase in rent.

Compared to the rest of the Metropolitan Los Angeles market, the Mid-City West submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.

Mid-City West Listing Supply

In the last 90 days, 47 listings have been posted online, so you'll want to check back regularly for new listings. About 9% of the available leases in the Mid-City West are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,300 sqft. Most properties in this region are around 3 stories. Most buildings in this region 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 folk. 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.
Research