Commercial Markets

The time is right to invest in real estate when starting or growing a business in Hollywood. Prime locations will give you a leg up on your competition and get your products and services to market faster and at a lower cost. Hollywood Florida offers all the amenities and resources national and international companies seek when looking for a location to call home. 

Hollywood Office​ Market



The City of Hollywood market is a center of employment in professional services and healthcare. There are three main office nodes along Hollywood Boulevard, Sheridan Street, and Downtown. The vacancy rates was one of the tightest in the Fort Lauderdale Metro area through Q1 2022. Rents are slightly less expensive than the metro average. 

Availability

Source: CoStar Q1 2022
Available Asking Rent/Square Feet  
Rate 5.8%
Vacant Square Feet 336,939
Available Rate 9.9%
Available Square Feet 574,168

Inventory

Source: CoStar, Q1 2022
Existing Bldgs 544
Inventory Square Feet 5,795,786
Average Square Feet 9,900
Under Construction Square Feet 1,500
12 Month Delivered Square Feet 0

Demand

Source: CoStar, Q1 2022
12 Month Net ABS Square Feet 15,112
12 Month Leased Square Feet 234,294

Sales Past Year

CoStar, Q1 2022
Properties Sold 44
Sale Price/Square Feet $237
Asking Price Per Square Feet $281
Sales Volume (Mil) $31
Market Cap Rate 7.9%

Hollywood Industrial Market

The industrial market in Southeast Florida remains competitive. 


Tenant interest continues to grow in prime industrial areas of Hollywood. Hollywood's industrial sites are populated by a wide variety of business sectors that include aerospace companies, advertising agencies, uniform, and facility services providers, and architectural and interior design firms. An eclectic cluster of high-end design firms has formed the South Florida Design Park which features Jerry Pair, Stark Carpet, Scalamandré, Stephen Turner, J Nelson, Judith Norman Now, Snaidero, and Florida Blinds & Drapery among others.
  


Availability

Source: CoStar, Q1 2022
Asking Rent/Square Feet $10.65
Vacancy 3.7%
Vacant Square Feet 296,798
Available 5.8%
Available Square Feet 472,438

Inventory

Source: CoStar, Q1 2022
Buildings 440
Inventory Square Feet 8,082,507
Under Construction 0
12 Month Deliveries 30,000

Demand

Source: CoStar, Q1 2022
12 Month Absorption Square Feet (20,474)
12 Month Leasing Square Feet 409,179

Sales

Source: CoStar, Q1 2022
Properties 24
Sales Price/Square Feet $168
Asking Price Per Square Feet $238
Sales Volume (Mil.) 30
Cap Rate 4.7%

Hollywood Retail Market

Interest in Hollywood’s urban and suburban core retail market from national tenants continues to grow at a steady and sustainable pace. The Place at Hollywood, a Wal-Mart anchored shopping center, continues to reshape and drive demand along the State Road 7 Corridor on Hollywood's west side. 

Florida’s Hollywood, voted one of the nation’s top 25 beach destinations by TripAdvisor®, continues to attract tourists from around the world. This consistent influx of visitors creates a steady demand for quality retail and entertainment options.
  

Availability

Source: CoStar, Q1 2022
Asking Rent/Square Feet $22.65
Vacancy 3.6%
Vacancy Square Feet  283,937
Available 4.6%
Available Square Feet 373,301

Inventory

Source: CoStar, Q1 2022
Buildings 839
Inventory Square Feet 7,963,747
Average Building Square Feet 11,100
Under Construction 87,805
12 Month Deliveries 80,118

Demand

Source: CoStar, Q1 2022
12 Month Absorption Square Feet 180,403
12 Month Leasing Square Feet 262,019

Sales

Source: CoStar, Q1 2022
Properties 64
Sale Price Per Square Feet $0
Asking Price Per SQuare Feet $527
Sales Volume (Mil.) $23
Cap Rate  6.3%