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)
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
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 |
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 |
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 |
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.