Hermosa Beach Retail

Hermosa Beach

Office Space Market Report

Number of Listings (last 90 days)
16
Median Rate ($/sqft/yr)
$60
Median Size (sqft)
760
As of: June 25, 2017

Hermosa Beach Rates

On average, listings lease in the $60's per square foot per year. The Hermosa Beach region is experiencing a a boost in rates. In the last 3 months, the median rate went up $60 per sqft per year.

Compared to the rest of the Metropolitan Los Angeles market, the Hermosa Beach region has higher rates, and you'll need to pay a premium to be in this hot region.

Hermosa Beach Listing Supply

In the last 90 days, 16 listings have been posted online, which means spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 56% of the available space in the Hermosa Beach 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 posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 760 sqft. Most properties in this area are approximately 3 stories. Most buildings in this market were built in 1988 and are Class A.

Hermosa Beach Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Hermosa Beach occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Hermosa Beach.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Hermosa Beach.
Research

Hermosa Beach Submarkets