On average, listings lease in the $30's per square foot per year. The Hollywood Hills submarket is seeing a decline in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 8% decrease in rent.
Compared to the rest of the Gold Coast market, the Hollywood Hills region has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 12 listings have come on the market, which means office spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. 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 1,490 sqft. Most buildings in this market are around 5 floors. Most buildings in this area 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. Arts, entertainment, and restaurants are the dominant industries in this market. Commute by public transit is the most popular way to get to work amongst Hollywood Hills residents. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.