The typical asking rate per listing is in the $30's per square foot per year. The Rio Lindo submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 4% decrease in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Rio Lindo submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 3 listings have been made available, which means leases most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 267% of the office spaces in the Rio Lindo are subleases, so you might be able to find a shorter term or below market rent. 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 1,670 sqft. Most properties in this region are around 21 floors.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this area. Commute by motorcycle is the most popular way to get to work amongst Rio Lindo residents. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.