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.
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.
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.