The typical asking rate per listing is in the $30's per square foot per year. The Hollywood submarket is going through a a boost in rates. In the last 3 months, the median rate went up $15 per sqft per year. That's a 62% rise in rent.
Compared to the rest of the Greater Portland market, the Hollywood region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 2 listings have been posted online, which means leases most likley are going fast. 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 930 sqft. Most properties in this area are around 4 floors. Most buildings in this region were built in 1928.
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 area. Commute by bike is the most popular way to get to work amongst Hollywood residents. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.