Compared to the rest of the Greater Portland market, the Hollywood submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 4 listings have been listed, which means office spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 100% of the office spaces in the 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 550 sqft. Most properties in this area are approximately 4 floors. Most buildings in this region 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 market. Commute by bike is the most popular way to get to work amongst Hollywood folk. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.