On average, listings lease in the $50's per square foot per year. The Hermosa Beach region is going through a decrease in rates. In the last 3 months, the median rate fell $16 per sqft per year. That's a 22% decline in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Hermosa Beach submarket has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 6 listings have been made available, which means new availabilities might be going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 3,010 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are close to 2 floors. Most buildings in this area were built in 1982 and are Class B.