On average, listings lease in the $30's per square foot per year. The Hollywood Hills region is experiencing a decrease 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 submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 12 listings have been posted online, which means spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, 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 market are approximately 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 area. 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.