Retail Space Rents in Beverly Hills, CA
Rent costs for this type of commercial space depend on a variety of factors. The foremost of these is location, which will dictate how accessible a business is and how much foot traffic it gets. Other factors, such as space type and lease structure, also come into play. On average, retail space for lease in Beverly Hills asks $68.15 per square foot.
Retail Space Lease Types in Beverly Hills, CA
The most common type of lease agreement you’ll find here is NNN, with 12 space(s) available under this type of arrangement.
The local market is also home to 3 retail space(s) offered under a Full Service lease agreement type, and 1 Modified Gross listing(s).
Most Common Type of Lease for Retail Buildings in Beverly Hills, CA
- NNN
12
- Full Service
3
- Modified Gross
1
Average Size of Retail Space for Lease in Beverly Hills, CA
The average size for this type of rental opportunity in Beverly Hills is 1,000 sqft to 2,500 sqft. Currently, the local market offers 19 listing(s) within that size range.
You can also search 10 listing(s) in the 2,500 sqft to 5,000 sqft range.
It should be noted that spaces in this real estate category are generally specialized to cater to the needs of a particular business, so the average sizes of different retail space types can vary greatly.
Retail Space Types You Can Lease in Beverly Hills, CA
Retail space in Beverly Hills comes in all types, shapes, and sizes, so you have a good chance to find the right space for your business. The most common type here is listed as Interior Retail and you can find 14 such space(s) available.
Interior Retail spaces listed for rent here have an average size of 3,165 square feet. Interior retail space can accommodate a wide variety of vendors and is designed specifically to enhance the experience of the clients and to encourage them to engage with the products and services that are being offered.
The local market is also home to 5 space(s) listed as Restaurant. The average size you can expect to find for this category is 6,212 square feet. Retail space specialized for restaurants usually includes ample seating areas and enough room for the safe preparation of food. Restaurant spaces may be embedded in a larger mall or can be freestanding buildings.
What’s more, you can find 1 listing(s) in the Street Retail category, currently available in the average size of 4,100 square feet. You’ll find street retail spaces are mostly located in urban and suburban areas that have high foot traffic. This type of space is often a great choice for smaller retailers that are looking for well-positioned points of sale.
However, besides these popular subtypes, the market has a lot to offer for entrepreneurs looking for the right space to promote their business and get their goods to customers.
Top Locations to Lease Retail Space in Beverly Hills, CA
In general, the most successful retail businesses are located within relatively close proximity of each other, which leads to some neighborhoods becoming famous shopping destinations. Even in the case of suburban strip malls, the simple fact that so many different products can be purchased under the same roof can encourage customers to spend more.
Platinum Triangle is your top choice for lease opportunities, as it is currently home to the highest number of listings — 35 retail space(s).
The most popular space type here is Interior Retail.
You can find 13 such listing(s) here.
Beverly Hills’s second most popular area is Beverly Hills Doheny South West, where you can find 4 retail listing(s).
Beverly Hills Flats is also among the best areas to search for your next commercial space. Here you can find 3 retail space(s) available for consideration by prospective tenants.
Key Factors to Consider When Choosing a Retail Space for Lease
When you’re looking to give your business a storefront, there are a lot of decisions to be made. The first choice is, of course, location. You’ll have to decide whether your business would operate better in the heart of the city or if it is more likely to thrive in a suburban setting.
Data based on retail spaces listed for rent on CommercialSearch.com
9637 Santa Monica Blvd, Platinum Triangle, Beverly Hills, CA