On average, listings lease in the $40's per square foot per year. The Hollywood Studio District region is seeing a decline in rates. In the last 3 months, the median rate fell $36 per sqft per year. That's a 46% decline in rent.
In the last 90 days, 8 listings have been posted online, which means new availabilities might be going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 4,500 sqft, there are still 0 office spaces below 2,000 sqft. Most properties 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 region. Commute by walking is the most popular way to get to work amongst Hollywood Studio District occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.