On average, listings lease in the $60's per square foot per year. The Hermosa Beach submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $5 per sqft per year. That's a 8% increase 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 been made available, so you'll want to check back regularly for new listings. About 12% of the listings 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 properties in this market are around 3 stories. Most buildings in this market were built in 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 region. Commute by car is the most popular way to get to work amongst Hermosa Beach folk. 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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