The typical asking rate per listing is in the $70's per square foot per year. The Beverly Hills submarket is going through a decline in rates. In the last 3 months, the median rate fell $21 per sqft per year. That's a 23% decline in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Beverly Hills submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 68 listings have been made available, so you'll want to check back regularly for new listings. About 65% of the available leases in the Beverly Hills are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 1,640 sqft. Most properties in this market are approximately 4 floors. Most buildings in this market were built in 1964 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Beverly Hills residents. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.