The typical asking rate per listing is in the $50's per square foot per year. The West Hollywood region is experiencing a decrease in rates. In the last 3 months, the median rate fell $9 per sqft per year. That's a 13% decline in rent.
Compared to the rest of the Metropolitan Los Angeles market, the West Hollywood submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 19 listings have been posted online, which means leases are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 32% of the office spaces in the West Hollywood 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 2,010 sqft. Most buildings in this market are around 3 floors. Most buildings in this area were built in 1956 and are Class A.