Most listings are in the $30's per square foot per year. The West-Central Hollywood region is experiencing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 4% decline in rent.
Compared to the rest of the Gold Coast market, the West-Central Hollywood region has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 9 listings have been posted online, which means new listings are probably 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 1,800 sqft. Most buildings in this area are approximately 5 floors. Most buildings in this market were built in 1986 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst West-Central Hollywood folk. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.