On average, listings lease in the $10's per square foot per year. The North Central Hollywood region is experiencing a decline in rates. In the last 3 months, the median rate decreased $56 per sqft per year. That's a 75% decline in rent.
In the last 90 days, 2 listings have come on the market, which means listings might be going fast. 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 2,500 sqft. Most properties in this region are close to 1 stories. Most buildings in this region were built in 1970 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this area. Most of the occupants of North Central Hollywood work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.