On average, listings lease in the $20's per square foot per year. The Hollywood submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 12% decline in rent.
Compared to the rest of the Gold Coast market, the Hollywood submarket has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 52 listings have been listed, so you'll want to check back regularly for new listings. About 73% of the office spaces in the Hollywood are subleases, so you might be able to snag a great spot on a short term. 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 1,390 sqft. Most buildings in this market are approximately 2 stories. Most buildings in this market were built in 1978 and are Class B.