Hermosa Beach Retail

Hermosa Beach

Office Space Market Report

Number of Listings (last 90 days)
5
Median Rate ($/sqft/yr)
$71
Median Size (sqft)
4,520
As of: September 25, 2016

Hermosa Beach Rates

Most listings are in the $70's per square foot per year. The Hermosa Beach submarket is seeing a a boost in rates. In the last 3 months, the median rate increased $71 per sqft per year. That's a Inf% rise in rent.

Compared to the rest of the Metropolitan Los Angeles market, the Hermosa Beach submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.

Hermosa Beach Listing Supply

In the last 90 days, 5 listings have come on the market, which means new availabilities are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 20% of the office spaces 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.

Even though the median size is 4,520 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are around 2 floors. Most buildings in this region were built in 1982 and are Class A.

Hermosa Beach Community

Hermosa Beach Submarkets