WEST HOLLYWOOD
West Hollywood, Norma Triangle, West Hollywood West, and more.
Rent Rate
Leasing Activity SF
Vacant Available SF
SOURCE: CoStar
- Q3 - 2022
- Q3 - 2023
- Q3 - 2024
Leasing Market Overview
MEASURING Q3 2024West 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.
SNAPSHOT OF LEASES SIGNED
No. | Signed Date | Start Date | Address | SF Leased | Rent/SF/Mo | Months on Market | Leasing Rep Company |
---|---|---|---|---|---|---|---|
1 | Jun-24 | Jul-24 | 8410 W Sunset Blvd | 1,200 | $5.00 | 8 | NAI Capital |
2 | Jun-24 | Jul-24 | 7974-7976 Santa Monica Blvd | 1,240 | $4.03 | 20 | Illi Commercial Real Estate |
3 | Jun-24 | Jul-24 | 8200-8240 Santa Monica Blvd | 1,400 | $8.00 | 6 | Illi Commercial Real Estate |
4 | May-24 | Jun-24 | 7420-7422 Melrose Ave | 2,488 | $3.42 | 2 | Illi Commercial Real Estate |
5 | May-24 | Jun-24 | 7559-7561 Melrose Ave | 1,498 | $4.32 | 17 | Beyond Space |
6 | May-24 | Jun-24 | 6325-6335 Wilshire Blvd | 1,482 | $3.75 | 27 | Brandon Cohan Real Estate |
7 | Apr-24 | May-24 | 8361-8371 W 3rd St | 800 | $6.00 | 23 | Brandon Cohan Real Estate |
8 | Apr-24 | May-24 | 8453-8457 Melrose Ave | 1,975 | $6.90 | 58 | The Nasa Group |
9 | Apr-24 | May-24 | 400-408 N Robertson Blvd | 2,350 | $6.00 | 1 | Spacegrab |
10 | Apr-24 | May-24 | 8500-8520 W 3rd St | 800 | $6.00 | 1 | Spacegrab |
SOURCE: CoStar