On average, listings lease in the $60's per square foot per year. The Hermosa Beach region is going through a a rise in rates. In the last 3 months, the median rate went up $4 per sqft per year. That's a 7% increase in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Hermosa Beach region has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 67 listings have been made available, so you'll want to check back regularly for new listings. About 18% of the available space 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 available, 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 market are around 3 floors. Most buildings in this region 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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