On average, listings lease in the $50's per square foot per year. The Hollywood Studio District submarket is seeing a decline in rates. In the last 3 months, the median rate fell $27 per sqft per year. That's a 34% decline in rent.
In the last 90 days, 50 listings have been listed, so you'll want to check back regularly for new listings. About 14% of the available leases in the Hollywood Studio District are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 2,660 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are around 6 floors. Most buildings in this region were built in 1947 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Hollywood Studio District folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Hollywood Studio District.
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