The typical asking rate per listing is in the $30's per square foot per year. The Hollywood Hills region is going through a decline in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 11% decline in rent.
Compared to the rest of the Gold Coast market, the Hollywood Hills submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 90 listings have come on the market, so you'll want to check back regularly for new listings. About 18% of the listings in the Hollywood Hills 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 on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,120 sqft. Most buildings in this area are approximately 5 floors. Most buildings in this area were built in 1986 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this region. Commute by public transit is the most popular way to get to work amongst Hollywood Hills occupants. Commuting approximately an hour 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 Hills.
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