On average, listings lease in the $60's per square foot per year. The Hermosa Beach submarket is going through a an increase in rates. In the last 3 months, the median rate went up $4 per sqft per year. That's a 7% rise in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Hermosa Beach submarket has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 67 listings have come on the market, so you'll want to check back regularly for new listings. About 18% of the office spaces in the Hermosa Beach are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 970 sqft. Most buildings in this area are around 3 floors. Most buildings in this market were built in 1988 and are Class A.
Real time and historical data on commercial real estate listings in Hermosa Beach.
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