West-Central Hollywood Office Space

West-Central Hollywood

Office Space Market Report

Number of Listings (last 90 days)
20
Median Rate ($/sqft/yr)
$32
Median Size (sqft)
1,560
As of: August 19, 2017

West-Central Hollywood Rates

Most listings are in the $30's per square foot per year. The West-Central Hollywood region is experiencing a an increase in rates. In the last 3 months, the median rate went up $4 per sqft per year. That's a 14% rise in rent.

Compared to the rest of the Gold Coast market, the West-Central Hollywood region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.

West-Central Hollywood Listing Supply

In the last 90 days, 20 listings have come on the market, which means new listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 75% of the office spaces in the West-Central Hollywood are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 1,560 sqft. Most properties in this market are close to 5 stories. Most buildings in this market 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 region. Commute by bike is the most popular way to get to work amongst West-Central Hollywood folk. 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