Most listings are in the $80's per square foot per year. The Beverly Hills submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $16 per sqft per year. That's a 22% rise in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Beverly Hills submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 53 listings have been made available, so you'll want to check back regularly for new listings. About 19% of the available leases in the Beverly Hills 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 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 1,910 sqft. Most properties in this area are approximately 4 stories. Most buildings in this region were built in 1963 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 region. Commute by walking is the most popular way to get to work amongst Beverly Hills residents. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.