West-Central Hollywood Industrial

West-Central Hollywood

Office Space Market Report

Number of Listings (last 90 days)
20
Median Rate ($/sqft/yr)
$37
Median Size (sqft)
960
As of: March 11, 2017

West-Central Hollywood Rates

On average, listings lease in the $30's per square foot per year. The West-Central Hollywood region is experiencing a a boost in rates. In the last 3 months, the median rate increased $5 per sqft per year. That's a 17% rise in rent.

Compared to the rest of the Gold Coast market, the West-Central Hollywood submarket has higher rates, and you'll need to make a great offer to be in this hot region.

West-Central Hollywood Listing Supply

In the last 90 days, 20 listings have come on the market, which means new availabilities might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 5% of the office spaces in the West-Central Hollywood are subleases, so you will probably have to consider a longer term lease. 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 960 sqft. Most properties in this region are approximately 5 floors. Most buildings in this region were built in 1986 and are Class B.

West-Central Hollywood Community

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 market. Commute by bike is the most popular way to get to work amongst West-Central Hollywood residents. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in West-Central Hollywood.
Market Report

Market Data

Real time and historical data on commercial real estate listings in West-Central Hollywood.
Research