Hermosa Beach Office Space

Hermosa Beach

Office Space Market Report

Number of Listings (last 90 days)
16
Median Rate ($/sqft/yr)
$60
Median Size (sqft)
760
As of: June 23, 2017

Hermosa Beach Rates

On average, listings lease in the $60's per square foot per year. The Hermosa Beach submarket 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 region has higher rates, and you'll need to make a great offer to be in this hot submarket.

Hermosa Beach Listing Supply

In the last 90 days, 16 listings have been made available, which means listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 56% of the available leases 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 available, 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 properties in this area are around 3 floors. Most buildings in this area were built in 1988 and are Class A.

Hermosa Beach Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Hermosa Beach occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

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