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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
| Gross Asking Rent/SF | $26.98 |
| Vacancy | 5.8% |
| Vacant SF | 336,939 |
| Available | 9.9% |
| Available SF | 574,168 |
Inventory
| Buildings | 544 |
| Inventory SF | 5,795,786 |
| Average Building SF | 9,900 |
| Under Constr SF | 1,500 |
| 12 Month Delivered SF | 0 |
Demand
| 12 Mo. Absorption SF | 15,112 |
| 12 Mo. Leasing SF | 234,294 |
Sales Past Year
| 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
| Asking Rent/SF | $10.65 |
| Vacancy | 3.7% |
| Vacant SF | 296,798 |
| Available | 5.8% |
| Available SF | 472,438 |
Inventory
| Buildings | 440 |
| Inventory SF | 8,082,507 |
| Under Construction | 0 |
| 12 Mo. Deliveries | 30,000 |
Demand
| 12 Mo. Absorption SF | (20,474) |
| 12 Mo. Leasing SF | 409,179 |
Sales
| 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
| Asking Rent/SF | $22.65 |
| Vacancy | 3.6% |
| Vacancy SF | 283,937 |
| Available | 4.6% |
| Available SF | 373,301 |
Inventory
| Buildings | 839 |
| Inventory SF | 7,963,747 |
| Average Building SF | 11,100 |
| Under Construction | 87,805 |
| 12 Mo. Deliveries | 80,118 |
Demand
| 12 Mo. Absorption SF | 180,403 |
| 12 Mo. Leasing SF | 262,019 |
Sales
| Properties | 64 |
| Sale Price Per SF | $207 |
| Asking Price Per SF | $527 |
| Sales Volume (Mil.) | $23 |
| Cap Rate | 6.3% |