Playhouse District Sublease

Playhouse District

Office Space Market Report

Number of Listings (last 90 days)
30
Median Rate ($/sqft/yr)
$38
Median Size (sqft)
1,430
As of: December 2, 2016

Playhouse District Rates

Most listings are in the $30's per square foot per year. The Playhouse District submarket is going through a decline in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 16% decline in rent.

Compared to the rest of the Metropolitan Los Angeles market, the Playhouse District region has higher rates, and you'll have to negotiate above asking rent to be in this hot region.

Playhouse District Listing Supply

In the last 90 days, 30 listings have come on the market, which means spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 13% of the available leases in the Playhouse District are subleases, so you might be able to snag a great spot on a short term. 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 1,430 sqft. Most buildings in this market are close to 3 stories. Most buildings in this region were built in 1968 and are Class A.

Playhouse District Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Playhouse District 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 Playhouse District.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Playhouse District.
Research