On average, listings lease in the $30's per square foot per year. The Hollywood region is experiencing a decrease in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 18% decline in rent.
Compared to the rest of the Greater Portland market, the Hollywood submarket has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 4 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 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 1,760 sqft. Most buildings 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 approximately 20 minutes a day is the norm for those who opt to reside in this part of town.