The typical asking rate per listing is in the $50's per square foot per year. The Hermosa Beach region is seeing a decline in rates. In the last 3 months, the median rate fell $16 per sqft per year. That's a 22% decrease 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 submarket.
In the last 90 days, 1 listings have come on the market, which means spaces 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.
The standard measurement for office space in this area is around 1,040 sqft. Most buildings in this region are close to 2 floors. Most buildings in this market were built in 1982 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 area. 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.