Most listings are in the $30's per square foot per year. The Hollywood submarket is experiencing a an increase in rates. In the last 3 months, the median rate rose $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 need to make a great offer to be in this hot submarket.
In the last 90 days, 2 listings have been listed, which means listings might be leasing quickly. 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 close to 4 floors. Most buildings in this area 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 region. Commute by bike is the most popular way to get to work amongst Hollywood occupants. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.