Hermosa Beach Office Space

Hermosa Beach

Office Space Market Report

Number of Listings (last 90 days)
16
Median Rate ($/sqft/yr)
$59
Median Size (sqft)
1,020
As of: June 28, 2017

Hermosa Beach Rates

The typical asking rate per listing is in the $60's per square foot per year. The Hermosa Beach region is going through a an increase in rates. In the last 3 months, the median rate increased $60 per sqft per year.

Compared to the rest of the Metropolitan Los Angeles market, the Hermosa Beach submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.

Hermosa Beach Listing Supply

In the last 90 days, 16 listings have been listed, which means new listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 56% of the office spaces in the Hermosa Beach 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 760 sqft. Most buildings in this area are close to 3 floors. Most buildings in this market were built in 1988 and are Class A.

Hermosa Beach Community

Market Report

Trends and status of the commercial real estate market in Hermosa Beach.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Hermosa Beach.
Research

Hermosa Beach Submarkets