The typical asking rate per listing is in the $20's per square foot per year. The Hollywood submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $24 per sqft per year.
Compared to the rest of the Greater Portland market, the Hollywood region has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 42 listings have been listed, so you'll want to check back regularly for new listings. About 7% of the available leases in the Hollywood are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 550 sqft. Most properties in this region are around 4 floors. Most buildings in this market were built in 2006 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Hollywood occupants. Commuting around 20 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.
Get email notifications when new listings are posted that match your requirements.