The typical asking rate per listing is 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 fell $8 per sqft per year. That's a 11% decline in rent.
Compared to the rest of the Metropolitan Los Angeles market, the West Hollywood submarket has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 16 listings have been made available, which means new availabilities are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 81% of the office spaces in the West Hollywood 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 posted, so finding a space for a small business might be tough.
Even though the median size is 2,950 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are approximately 3 stories. Most buildings in this market were built in 1957 and are Class A.