The typical asking rate per listing is in the $10's per square foot per year. The Central City region is experiencing a decrease in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 23% decrease in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Central City submarket has lower rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 10 listings have come on the market, which means new listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 1,000 sqft. Most buildings in this market are close to 1 floors. Most buildings in this area were built in 1976 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Central City occupants. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.