The typical asking rate per listing is in the $30's per square foot per year. The West-Central Hollywood submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 11% decline in rent.
Compared to the rest of the Gold Coast market, the West-Central Hollywood region has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 118 listings have come on the market, so you'll want to check back regularly for new listings. About 16% of the available space in the West-Central Hollywood are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet posted, 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 market 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. Professional services is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst West-Central Hollywood 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 West-Central Hollywood.
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