The typical asking rate per listing is in the $50's per square foot per year. The Mid-City submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $20 per sqft per year. That's a 25% decline in rent.
In the last 90 days, 28 listings have been posted online, which means new listings are probably going fast. You'll want to be prepared to make an offer immediately. About 89% of the available leases in the Mid-City 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 1,850 sqft. Most buildings in this market are approximately 3 floors. Most buildings in this market were built in 1973 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this region. Most of the occupants of Mid-City work from home. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.