Most listings are in the $60's per square foot per year. The Beverly Hills submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $16 per sqft per year. That's a 19% decline in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Beverly Hills region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 92 listings have been listed, so you'll want to check back regularly for new listings. About 11% of the listings 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 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 1,970 sqft. Most buildings in this region are close to 4 stories. Most buildings in this area 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 area. 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.