On average, listings lease in the $50's per square foot per year. The West Hollywood region is seeing a decline in rates. In the last 3 months, the median rate fell $9 per sqft per year. That's a 13% decrease in rent.
Compared to the rest of the Metropolitan Los Angeles market, the West Hollywood 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, 17 listings have been made available, which means new availabilities might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 24% of the available leases in the West Hollywood 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 2,010 sqft. Most buildings in this area are approximately 3 stories. Most buildings in this region were built in 1956 and are Class A.