The typical asking rate per listing is in the $50's per square foot per year. The Hermosa Beach region is seeing a decline in rates. In the last 3 months, the median rate decreased $16 per sqft per year. That's a 22% decline in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Hermosa Beach region has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 1 listings have been made available, which means spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,040 sqft. Most properties in this market are around 2 floors. Most buildings in this region were built in 1982 and are Class A.