2020 Office Space Rent & Sales
- $72.16 2020 Avg. Asking Rent
- 9.56% 2020 Office Vacancy Rate
Beverly Hills office price per square foot in 2020 was $72.16 on average. The local office market recorded an average vacancy rate of 9.56% across all asset classes combined.
Average Rent by Office Class
2020 Average Office Rent per Square Foot
- Beverly Hills Class A Office Space$72.55
- Beverly Hills Class B Office Space$70.39
- California Class A Office Space$55.92
- California Class B Office Space$35.12
- California Class C Office Space$23.50
Beverly Hills, CA Office Asking Rents by Class
2020 Office Construction in Beverly Hills, CA
- Beverly Hills, CA Total SF completed in 2020
During 2020, square feet of new office space were delivered across the market. At the close of 2020, the Beverly Hills office inventory included buildings equal to or larger than 25,000 square feet, which comprised square feet of office space.
| Office building | Address | SF | Completed |
|---|---|---|---|
| 9000 Wilshire Blvd | 9000 Wilshire Blvd, 90210 | 46,000 | 2022 |
| 257 North Canon Drive | 257 North Canon Drive, 90210 | 49,097 | 2017 |
| 121 North San Vicente Blvd | 121 North San Vicente Blvd, 90211 | 35,000 | 2016 |
| 8767 Wilshire Blvd | 8767 Wilshire Blvd, 90211 | 75,000 | 2011 |
| MGM Place | 245 North Beverly Drive, 90210 | 200,084 | 2009 |
| 8900 Wilshire Blvd | 8900 Wilshire Blvd, 90211 | 33,538 | 2009 |
| 9378 Wilshire Blvd | 9378 Wilshire Blvd, 90212 | 30,200 | 2009 |
| 9355 Wilshire Blvd | 9355 Wilshire Blvd, 90210 | 39,750 | 2005 |
| 407 North Maple | 407 North Maple Drive, 90210 | 168,442 | 2003 |
| 421 North Beverly Drive | 421 North Beverly Drive, 90210 | 31,666 | 2001 |
Worth noting among recent office completions on the Beverly Hills market is 9000 Wilshire Blvd, which is currently the largest new office development in the city, at 46,000 square feet.
See reports for nearby markets
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 2020 through December 31st 2020. Construction pipeline data represented herein is valid as of April 2021. 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.