Most listings are in the $60's per square foot per year. The Beverly Hills region is experiencing a decline in rates. In the last 3 months, the median rate decreased $16 per sqft per year. That's a 19% decrease in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Beverly Hills region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 91 listings have been made available, so you'll want to check back regularly for new listings. About 10% of the available leases in the Beverly Hills are subleases, so you will probably have to consider a longer term 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 1,970 sqft. Most properties in this region are approximately 4 floors. Most buildings in this market were built in 1964 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Beverly Hills residents. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.