The typical asking rate per listing is in the $70's per square foot per year. The Hermosa Beach submarket is going through a a rise in rates. In the last 3 months, the median rate increased $71 per sqft per year. That's a Inf% increase in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Hermosa Beach submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 5 listings have come on the market, which means new listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 20% of the available leases 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 4,520 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are around 2 stories. Most buildings in this area were built in 1982 and are Class A.