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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 

  • DEALS LEASED 2021
  • DEALS LEASED 2022

Leasing Market Overview

Comparing 2021 vs 2022

West Hollywood is starting to feel the pressure of having higher than average vacancy rates (6.80% 2YAVG | 6.60% 2022Q4) for the past two years. Although still maintaining one of the highest rental rates ($63.33/SF), rates in WeHo have experienced a steep dip after their peak in 2022Q3 ($65.79/SF).

WeHo still remains one of the most high-profile retail districts in LA County. However, with 2022Q4 data reporting negative net absorptions, expected 2023Q1 negative net absorptions, and minimal upcoming construction projects, landlords may have to consider reducing rent even further to push for higher occupancy in their spaces.

SNAPSHOT OF LEASES SIGNED

No. Signed Date Start Date Address SF Leased Rent/SF/Mo Months on Market Leasing Rep Company
1 Dec 2022 Jan 2023 1107 N Kings Rd West Hollywood 4,000 54 26 Mos Emser International LLC
2 Dec 2022 Jan 2023 8420-8430 Melrose Ave West   Hollywood 2,190 0 44 Mos Cushman & Wakefield
3 Dec 2022 Jan 2023 8551 Melrose Ave West Hollywood 2,600 240 9 Mos Stafford Commercial Real Estate,
4 Dec 2022 Jan 2023 8380 Santa Monica Blvd West   Hollywood 1,400 60 6 Mos NAI Capital
5 Nov 2022 Jan 2023 8505 Santa Monica Blvd West   Hollywood 8,855 0 58 Mos Hilton & Hyland
6 Nov 2022 Dec 2022 7604 Santa Monica Blvd West   Hollywood 805 60 1 Mo S.J.Mulholland, Inc.
7 Nov 2022 Dec 2022 1047-1051 Havenhurst Dr West   Hollywood 700 66 5 Mos illi Commercial Real Estate
8 Nov 2022 Dec 2022 638-644 N Robertson Blvd West   Hollywood 600 0 7 Mos South Park Group, Inc.
9 Nov 2022 Dec 2022 8444 Melrose Ave Los Angeles 1,605 0 4 Mos Cushman & Wakefield
10 Oct 2022 Nov 2022 8550 Santa Monica Blvd West   Hollywood 2,425 108 8 Mos Weatherby Realty
11 Oct 2022 Nov 2022 616-628 N La Cienega Blvd West Hollywood 1,133 0 1 Mo The Nasa Group
12 Oct 2022 Nov 2022 8969 Santa Monica Blvd West   Hollywood 3,015 0 36 Mos CBRE
13 Oct 2022 Nov 2022 8811-8817 Beverly Blvd Los   Angeles 2,859 0 13 Mos The Nasa Group
14 Oct 2022 Nov 2022 8475 Melrose Ave Los Angeles 2,422 0 7 Mos The Nasa Group
15 Oct 2022 Nov 2022 638-644 N Robertson Blvd West   Hollywood 700 0 6 Mos South Park Group, Inc.
16 Oct 2022 Nov 2022 8469-8473 Melrose Ave West   Hollywood 2,473 0 13 Mos The Nasa Group

SOURCE: CoStar 

Successful Tenants

Meet Tia, owner of Tia Donuts. After leaving Cambodia and arriving in the United States, Tia started working at a donut shop where she learned the basics of baking donuts.

Later after opening her first store in 2005 in San Francisco, she decided to sell it and move to Los Angeles, finding a location in Reseda, between Reseda blvd., and Oxnard st.

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