On average, listings lease in the $30's per square foot per year. The West-Central Hollywood region is experiencing a a boost in rates. In the last 3 months, the median rate increased $5 per sqft per year. That's a 17% rise in rent.
Compared to the rest of the Gold Coast market, the West-Central Hollywood region has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 20 listings have been made available, which means new listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 5% of the office spaces in the West-Central Hollywood are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 960 sqft. Most properties in this market are close to 5 stories. Most buildings in this area were built in 1986 and are Class B.
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 market. Commute by bike is the most popular way to get to work amongst West-Central Hollywood folk. Commuting around an hour a day is the norm for those who opt to reside in this part of town.