The typical asking rate per listing is in the $40's per square foot per year. The Hollywood Studio District submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $36 per sqft per year. That's a 46% decline in rent.
In the last 90 days, 8 listings have come on the market, which means office spaces are probably going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 4,500 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are close to 6 floors. Most buildings in this market were built in 1947 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Hollywood Studio District folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.