The typical asking rate per listing is in the $30's per square foot per year. The Hollywood submarket is experiencing a a rise in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 10% rise in rent.
Compared to the rest of the Gold Coast market, the Hollywood region has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 424 listings have been posted online, so you'll want to check back regularly for new listings. About 9% of the listings in the Hollywood are subleases, so you will probably have to consider a longer term lease. 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 1,560 sqft. Most properties in this market are close to 2 floors. Most buildings in this region were built in 1978 and are Class B.
Real time and historical data on commercial real estate listings in Hollywood.
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