On average, listings lease in the $50's per square foot per year. The Hermosa Beach region is going through a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 2% decline in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Hermosa Beach submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 16 listings have been made available, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. About 63% of the office spaces in the Hermosa Beach 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 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 980 sqft. Most properties in this area are close to 3 floors. Most buildings in this market were built in 1988 and are Class A.