On average, listings lease in the $10's per square foot per year. The Hollywood submarket is going through a an increase in rates. In the last 3 months, the median rate rose $19 per sqft per year.
In the last 90 days, 1 listings have been listed, which means listings might be 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 1,840 sqft. Most buildings in this region were built in 1989.
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 market. Commute by car is the most popular way to get to work amongst Hollywood residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.