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Most commerial real estate listings for lease are in the $60's per square foot per year. The Hermosa Beach submarket is seeing a decrease in rates. In the last 3 months, the median rate for lease decreased $6 per sqft per year.
Compared to the rest of the Metropolitan Los Angeles commercial real estate market, the Hermosa Beach submarket has more expensive rates for rent, and you may have to negotiate above asking rent to be in this hot region.
In the last 90 days, 67 commercial real estate listings have been posted online, so you'll want to check back regularly for new listings. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard size for office space in this area is around 860 sqft. Most buildings in this area are close to 2 floors. Most buildings in this region were built close to 1985 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Hermosa Beach occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Hermosa Beach.
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