Hollywood Hills Retail

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Hollywood Hills

Office Space Market Report

Number of Listings (last 90 days)
12
Median Rate ($/sqft/yr)
$34
Median Size (sqft)
1,340
As of: March 12, 2017

Hollywood Hills Rates

Most listings are in the $30's per square foot per year. The Hollywood Hills submarket is going through a a boost in rates. In the last 3 months, the median rate rose $3 per sqft per year. That's a 8% rise in rent.

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

Hollywood Hills Listing Supply

In the last 90 days, 12 listings have come on the market, which means new listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 8% of the available leases in the Hollywood Hills are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,340 sqft. Most buildings in this market are around 5 stories. Most buildings in this region were built in 1986 and are Class B.

Hollywood Hills Community

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 region. Commute by public transit is the most popular way to get to work amongst Hollywood Hills residents. Commuting around 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 Hollywood Hills.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Hollywood Hills.
Research