On average, listings lease in the $60's per square foot per year. The West Hollywood region is going through a decrease in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 6% decrease in rent.
Compared to the rest of the Metropolitan Los Angeles market, the West Hollywood submarket has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 24 listings have come on the market, which means leases most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 25% of the available leases in the West Hollywood are subleases, so you might be able to snag a great spot on a short term. 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 2,010 sqft. Most buildings in this area are around 3 stories. Most buildings in this region were built in 1956 and are Class A.