Market Report: West Hollywood

West Hollywood remains a top destination for retailers, with rents ranging from $5.19 to $5.63 per square foot. The vacancy rate has inched up to 15.6%, with 784,966 square feet available. Leasing activity has been strong, particularly in smaller spaces, as businesses aim to secure a presence in this trendy, high-visibility submarket. Recent leasing deals reflect the area’s appeal to boutique and experiential retail brands. However, the increased availability of larger spaces presents opportunities for tenants looking for flexible terms. Investors should be aware of the rising vacancy rates, but the consistent demand for smaller spaces suggests continued retail growth. Tenants may find more negotiating leverage for larger spaces as landlords seek to maintain occupancy.