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 have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 3 listings have come on the market, which means office spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. 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 1,300 sqft. Most buildings in this area are approximately 4 floors. Most buildings in this area 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 area. 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.