On average, listings lease in the $30's per square foot per year. The West-Central Hollywood region is going through a decline in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 11% decline in rent.
Compared to the rest of the Gold Coast market, the West-Central Hollywood region has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 20 listings have been listed, which means listings 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 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 1,490 sqft. Most buildings in this market are close to 5 floors. Most buildings in this region 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. 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 occupants. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.