On average, listings lease in the $30's per square foot per year. The Hollywood region is seeing 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 submarket has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 424 listings have come on the market, so you'll want to check back regularly for new listings. About 8% of the available leases 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 region are around 2 stories. Most buildings in this area were built in 1978 and are Class B.
Real time and historical data on commercial real estate listings in Hollywood.
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