Rent Office Space Downtown Los Angeles

Private & Shared Office Space for Rent Downtown Los Angeles

Find your perfect office space in Downtown Los Angeles with Offices.net's fast and friendly service. Our comprehensive knowledge of the Downtown LA office space market enables us to find the property you require from a broad selection of prestigious locations and office building options. Many of our offices offer easy, short term and flexible rental agreements, meaning that your business can gain the benefits of a wide range of facilities and a prestigious business address in Downtown Los Angeles, with an agreement that is tailored to your needs.

Finding Office Space in Downtown Los Angeles

The Downtown Los Angeles commercial real estate office market has a significant amount of inventory considering its small size. It is estimated that there are more than 68 million square feet of office space in the area, split into fifteen distinct sub-markets:

• Downtown core of the Financial District
• Arts District
• Broadway
• Bunker Hill
• Civic Center
• Fashion District
• Flower District
• Gallery Row
• Historic Core
• Jewelry District
• Little Tokyo
• Old Bank
• Skid Row
• South Park
• Toy District

Popular Downtown LA Office Space Locations: In recent times there has been a westward migration from the downtown core to other sub-markets that offer newer and higher-specification office accommodation. The Arts District is a popular choice for tenants in search of collaborative and creative office space in Downtown LA. Bunker Hill on the other hand has a substantial amount of conventional office units. New construction is also clustered around these areas, with some smaller developments in Civic Center and South Park. Some noteworthy office projects include Broadway Trade Center, the old Ford Factory, DTLA, and Los Angeles Jewelry Mart.

What Does Renting Office Space Cost in Downtown LA: Vacancy rates for all office classes are in the region of 18 percent, which although is relatively high is also in line with the Los Angeles County average of 16 percent. Average annual rental rates are just below $40 / sq ft, although they exceed the $50 mark when Class A offices are involved. Downtown is one of the priciest markets within Los Angeles County, since only offices in West Los Angeles and the Tri Cities command higher prices.

Downtown LA Office Space for Rent: All you need to do is choose one of the well situated Downtown Los Angeles offices for rent listed above. The professional office suites, shared office space, creative offices, and virtual office space in Los Angeles featured on this site is in prime Downtown Los Angeles locations such as Hollywood Boulevard, Flower Street, West Fifth Street, Grand Ave ideal for easy commutes to neighborhoods such as Central City, Echo Park, Pacific Palisades and Mid-City.

What You Need to Know Before Renting Downtown LA Offices

Downtown Los Angeles covers an area of approximately 8 square miles and is considered the central business district of California's largest city. Downtown LA has been known as a hub for banking and financial activities since the early 20th century, when it was nicknamed Wall Street of the West. After a long period of decline, downtown Los Angeles underwent a far-reaching period of revitalization starting in the mid 1950s. As part of extensive redevelopment work, the area gained large amounts of commercial space and businesses began flowing back into the area.

Although virtually every industry sector is represented in downtown Los Angeles, retail, fashion, real estate, creative, and new technologies are among the most important sectors here, as are tourism and hospitality, given that the area receives more than 19 million visitors every year. According to the 2016 Downtown Center Business Improvement District Annual Report, this part of Los Angeles has a weekday population of more than 500,000 people and nearly 80 percent of all residents have a college degree. Data provided by The Downtown Alliance show that nearly 12 percent of all jobs in Los Angeles are based in this area, and employment numbers are growing at a faster pace than in other parts of the city. In 2016, unemployment levels dropped below 5 percent, reaching pre-recession levels.

Organizations like DTLA, the Los Angeles Area Chamber of Commerce, and Los Angeles County Economic Development Corporation can provide information and guidance on the steps needed to set up a business here.

Search for Office Space in Downtown Los Angeles

Offices.net provides companies of all sizes with prime executive office suites and office space solutions in Downtown Los Angeles, California on flexible rental agreements to suit your needs. With an extensive range of business support services and amenities included, you can be assured of an easy transition into its new Downtown Los Angeles premises.

A number of the business centers come inclusive of a wide range of office support services, with professional and friendly reception staff, security and IT personnel, WiFi and internet services. Many of the office buildings provide air conditioning, video conferencing services, spacious conference rooms, and kitchens. Some office spaces in Los Angeles also offer event space, film studio facilities, a fantastic onsite parking ratio and bike rack facilities.

Contact us using the number or form above and we'll be happy to show you some offices in and around Downtown LA.