Beverly Hills Office Market Trends

Office Rental Market

  • $67.74 2019 Avg. Asking Rent
  • 6.00 % 2019 Avg. Vacancy Rate
  • 0 2019 Office Completions (Sqft)
  • 0 2020 Estimated Pipeline (Sqft)
In 2019, the average asking rent for office space in Beverly Hills was $67.74 per square foot, and the office vacancy rate across the market averaged 6.00 %. During 2019, developers added 0 square feet of new office space to the Beverly Hills market inventory. Office developments estimated for delivery during 2020 total 0 square feet.

Average Office Asking Rents by Class

2019 Average Office Rent per Square Foot

  • Beverly Hills Class A Office Buildings$69.25
  • Beverly Hills Class B Office Buildings$63.17
  • CA Class A Office Buildings$51.59
  • CA Class B Office Buildings$34.34
  • CA Class C Office Buildings$22.62

Beverly Hills, CA Office Asking Rents by Class

OFFICE CONSTRUCTION IN Beverly Hills, CA

  • Beverly Hills, CA Total Sqft completed in 2019 0
  • Beverly Hills, CA Total Sqft under construction in 2020 0
10 Largest Office Buildings in Beverly Hills
Building name Address Total Sqft Year built
8383 Wilshire 8383 Wilshire Blvd, 90211 437,021 1970
9100 Wilshire 9100 Wilshire Blvd, 90212 342,892 1969
9601 Wilshire 9601 Wilshire Blvd, 90210 309,987 1962
Maple Plaza 345 North Maple Drive, 90210 289,700 1987
Maple Plaza 335-345 N. Maple Drive, 90210 288,067 1987
Wells Fargo Bank Building 433 North Camden Drive, 90210 228,562 1972
8484 Wilshire 8484 Wilshire Blvd, 90211 226,166 1972
MGM Place 245 North Beverly Drive, 90210 200,084 2009
UTA Plaza 9336 Civic Center Drive, 90210 191,000 1985
Wilshire Beverly Center 9465 Wilshire Blvd, 90212 184,000 1961
Largest Office Properties Recently Completed in Beverly Hills
Office building Address Sqft Completed
100 North Crescent Redevelopment and Addition 100 North Crescent Drive, 90210 158,666 2021
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
331 Foothill Road 331 Foothill Road, 90210 73,000 2010
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
Data provided by Commercial Edge

Office Spaces for Rent in California

BEVERLY HILLS OFFICE SALES TRENDS

  • $887.492019 Avg. Price per Sqft
  • 5.17 %Y-o-Y Avg. PpSF Change
  • $177M2019 Office Sales Volume
  • 42019 Number of Transactions

In 2019, office sales in Beverly Hills averaged $887.49 per square foot. This marked a 5.17 % increase in office price per square foot, compared to the previous year. A total of 4 office sales closed on the Beverly Hills office market in 2019, amounting to a total sales volume of $177M.

Average Office Sale Price per Sqft

Beverly Hills, CA Sales Trends

  • Beverly Hills Price per Sqft$887.49
  • California Price per Sqft$437.86

Office Sales - Trend and Volume

  • Beverly Hills, CA Total Office Sales Volume in 2019 $177M
  • Beverly Hills, CA Total Number of Office Sales Closed in 2019 4

Largest Beverly Hills Office Sales in 2019

Property name Address Date Price
Wilshire La Peer 8930 Wilshire Blvd 4/1/2019 $107,500,000
8370 Wilshire Blvd 8370 Wilshire Blvd 12/31/2019 $28,000,000
9300 Wilshire Blvd 9300 Wilshire Blvd 5/31/2019 $25,500,000
415 North Crescent Drive 415 North Crescent Drive 5/31/2019 $16,000,000
Data provided by Commercial Edge

See trends for nearby markets

The Beverly Hills office market contains an inventory of 9,385,826 square feet of office space, in 120 buildings that are equal to or larger than 25,000 square feet.

This market trends report is based on analysis of city-level data. Averages were calculated based on values dated January 1st 2019 through December 31st 2019. Construction pipeline data shown is valid as of April 2020. The information on this page was compiled using data provided by our sister company, CommercialEdge – a market intelligence solution which offers comprehensive 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.