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Beverly Hills Office Rent Price & Sales Report

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.

Largest Office Properties Recently Completed in Beverly Hills
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.

Data provided by Commercial Edge

See reports for nearby markets

  • Los Angeles Office Rent Price
  • Santa Monica Office Rent Price
  • Pasadena Office Rent Price
  • Santa Ana Office Rent Price
  • Thousand Oaks Office Rent Price
  • Long Beach Office Rent Price
  • Torrance Office Rent Price
  • Costa Mesa Office Rent Price

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.

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