Most listings are in the $50's per square foot per year. The West Hollywood region is experiencing a decrease in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 9% decrease in rent.
Compared to the rest of the Metropolitan Los Angeles market, the West Hollywood region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 16 listings have been posted online, which means spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,140 sqft. Most properties in this area are approximately 3 floors. Most buildings in this market were built in 1956 and are Class A.