On average, listings lease in the $50's per square foot per year. The Hermosa Beach region is going through a an increase in rates. In the last 3 months, the median rate went up $4 per sqft per year. That's a 7% increase in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Hermosa Beach region has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 16 listings have been made available, which means new listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,150 sqft. Most buildings in this area are close to 2 floors. Most buildings in this area were built in 1985 and are Class A.