The typical asking rate per listing is in the $20's per square foot per year. The West-Central Hollywood region is seeing a decrease in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 12% decline in rent.
Compared to the rest of the Gold Coast market, the West-Central Hollywood region has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 20 listings have been made available, which means leases most likley are going fast. You'll want to be prepared to make an offer immediately. About 110% of the available leases in the West-Central Hollywood are subleases, so you might be able to snag a great spot on a short term. 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 1,490 sqft. Most properties in this area are around 5 stories. Most buildings in this market 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. Professional services is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst West-Central Hollywood residents. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.