Mid-City West Sublease

Mid-City West

Office Space Market Report

Number of Listings (last 90 days)
64
Median Rate ($/sqft/yr)
$55
Median Size (sqft)
1,600
As of: January 17, 2017

Mid-City West Rates

On average, listings lease in the $50's per square foot per year. The Mid-City West submarket is going through a a rise in rates. In the last 3 months, the median rate increased $9 per sqft per year. That's a 19% increase 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, 64 listings have come on the market, so you'll want to check back regularly for new listings. About 9% of the listings 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 on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,600 sqft. Most properties in this region are approximately 3 floors. 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 area. 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.
Research