the sign of a Profitable Property

Market Report: West Hollywood

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 2024

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.

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 

Successful Client

illi Commercial Real Estate sits down with passionate restauranteur, Cesar Garcia, to discuss his new location for Papa Juan’s Baja Grill.

Papa Juan’s Baja Grill is a restaurant that has been delighting customers with its delicious, homemade recipes inspired by Baja cuisine. With 14 years of experience in the industry, the owner’s passion for food and dedication to customer service shines through.

Learn about his journey from cooking for friends and family to opening a food truck and brick-and-mortar location. Don’t miss the exciting news about the upcoming Northridge location and the owner’s other restaurant concepts.

VIEW FULL VIDEO