Most listings are in the $40's per square foot per year. The Playhouse District submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $49 per sqft per year.
Compared to the rest of the Metropolitan Los Angeles market, the Playhouse District region has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 16 listings have been listed, which means listings might be going fast. You'll want to be prepared to make an offer immediately. About 75% of the office spaces in the Playhouse District 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 820 sqft. Most buildings in this area are close to 2 floors. Most buildings in this region were built in 1968 and are Class A.
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 market. Commute by walking is the most popular way to get to work amongst Playhouse District occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.