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 Q4 2017. Rents are slightly less expensive than the metro average. 

Availability

Source: CoStar Q4 2017
Gross Asking Rent/SF $26.98
Vacancy 5.8%
Vacant SF 336,939
Available 9.9%
Available SF 574,168

Inventory

Source: CoStar, Q4 2017
Buildings 544
Inventory SF 5,795,786
Average Building SF 9,900
Under Constr SF 1,500
12 Month Delivered SF 0

Demand

Source: CoStar, Q4 2017
12 Mo. Absorption SF 15,112
12 Mo. Leasing SF 234,294

Sales Past Year

CoStar, Q4 2017
Properties 44
Sale Price/SF $182
Asking Price Per SF $281
Sales Volume (Mil) $31
12 Month 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 have 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, Q4 2017
Asking Rent/SF $10.65
Vacancy 3.7%
Vacant SF 296,798
Available 5.8%
Available SF 472,438

Inventory

Source: CoStar, Q4 2017
Buildings 440
Inventory SF 8,082,507
Under Construction 0
12 Mo. Deliveries 30,000

Demand

Source: CoStar, Q4 2017
12 Mo. Absorption SF (20,474)
12 Mo. Leasing SF 409,179

Sales

Source: CoStar, Q4 2017
Properties 24
Sales Price/SF $86
Asking Price Per SF $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, Q4 2017
Asking Rent/SF $22.65
Vacancy 3.6%
Vacancy SF 283,937
Available 4.6%
Available SF 373,301

Inventory

Source: CoStar, Q4 2017
Buildings 839
Inventory SF 7,963,747
Average Building SF 11,100
Under Construction 87,805
12 Mo. Deliveries 80,118

Demand

Source: CoStar, Q4 2017
12 Mo. Absorption SF 180,403
12 Mo. Leasing SF 262,019

Sales

Source: CoStar, Q4 2017
Properties 64
Sale Price Per SF $207
Asking Price Per SF $527
Sales Volume (Mil.) $23
Cap Rate  6.3%