On average, listings lease 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 $1 per sqft per year. That's a 2% decline in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Hermosa Beach region has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 16 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 63% of the available space 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 980 sqft. Most buildings in this market are close to 3 floors. Most buildings in this market were built in 1988 and are Class A.