The typical asking rate per listing is in the $50's per square foot per year. The West Hollywood region is going through a decline in rates. In the last 3 months, the median rate decreased $9 per sqft per year. That's a 13% decline in rent.
Compared to the rest of the Metropolitan Los Angeles market, the West Hollywood submarket has higher 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 posted online, which means listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 25% of the listings in the West Hollywood 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 2,000 sqft. Most properties in this region are around 3 floors. Most buildings in this market were built in 1956 and are Class A.