2023 Office Space Rent & Sales
- $68.14 2023 Avg. Asking Rent
- -0.09% Y-o-Y Avg. Asking Rent Change
- 16.62% 2023 Office Vacancy Rate
Beverly Hills office price per square foot in 2023 was $68.14 on average. This marked a -0.09% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 16.62% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2023 Average Office Rent per Square Foot
- Beverly Hills Class A & A+ Office Space$68.80
- Beverly Hills Class B Office Space$67.31
- California Class A & A+ Office Space$56.30
- California Class B Office Space$37.45
- California Class C Office Space$44.91
Beverly Hills, CA Office Asking Rents by Class
Office Spaces for Rent in California
Coworking Spaces in California
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2023 Office Construction in Beverly Hills, CA
- Beverly Hills, CA Total SF completed in 2023 50,148
During 2023, 50,148 square feet of new office space were delivered across the market. At the close of 2023, the Beverly Hills office inventory included 1 buildings equal to or larger than 25,000 square feet, which comprised 50,148 square feet of office space.
| Office building | Address | SF | Completed |
|---|---|---|---|
| Foothill Building | 331 Foothill Rd., 90210 | 70,000 | 2010 |
| 331 North Maple Drive | 331 North Maple Drive, 90210 | 89,642 | 2000 |
| Executive Office Suites | 468 N Camden Dr, 90210 | 120 | 1994 |
| Wilshire Robertson Plaza | 8750 Wilshire Blvd, 90211 | 119,421 | 1991 |
| 9150 Wilshire Boulevard | 9150 Wilshire Boulevard, 90212 | 85,592 | 1990 |
| 150 South Rodeo Drive | 150 South Rodeo Drive, 90212 | 71,812 | 1990 |
| Village on Canon | 301 North Canon Drive, 90210 | 101,015 | 1989 |
| 436 Bedford | 436 N Bedford Dr, 90210 | 76,273 | 1989 |
| Beverly Atrium | 350 South Beverly Drive, 90212 | 64,526 | 1989 |
| 9430 W Olympic Blvd | 9430 W Olympic Blvd, 90212 | 14,475 | 1989 |
Worth noting among recent office completions on the Beverly Hills market is Foothill Building, which is currently the largest new office development in the city, at 70,000 square feet.
See reports for other markets
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This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2023 through December 31st 2023. Construction pipeline data represented herein is valid as of April 2024. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Beverly Hills commercial properties sized 25,000 square feet or larger.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.