WEST HOLLYWOOD
West Hollywood, Norma Triangle, West Hollywood West, and more.
Rent Rate
Leasing Activity SF
Vacant Available SF
SOURCE: CoStar
- Q2 - 2021
- Q2 - 2022
- Q2 - 2023
Leasing Market Overview
MEASURING Q1 2023West Hollywood is known for being a prominent retail destination in the Greater Los Angeles area. It boasts various stylish districts and streets that serve as significant fashion and retail hubs nationwide, including Melrose Avenue, Beverly Boulevard, and Robertson Boulevard. The region has a dense population, with numerous affluent households and luxurious residential properties. As a result, rental prices for retail spaces in this submarket are some of the highest in the metropolitan area.
In the past year, the vacancy rate in West Hollywood has increased to 8.0%, while rental rates have remained stable.
SNAPSHOT OF LEASES SIGNED
| No. | Signed Date | Start Date | Address | SF Leased | Rent/SF/Mo | Months on Market | Leasing Rep Company |
|---|---|---|---|---|---|---|---|
| 1 | Apr-23 | Apr-23 | 8149-8165 Santa Monica Blvd | 1,800 | 5.50 | 3 | Kyle Pari, Michael Pakravan |
| 2 | Apr-23 | May-23 | 7525-7529 Melrose Ave | 1,625 | 5.25 | 6 | Dembo Realty |
| 3 | Apr-23 | May-23 | 7494 Santa Monica Blvd | 1,330 | 3.75 | 3 | Highland Partners Corp |
| 4 | Apr-23 | Jun-23 | 8314-8316 W. 3rd St | 1,450 | 5.00 | 13 | Major Properties |
| 5 | May-23 | Jun-23 | 8776-8778 W. Sunset Blvd | 1,900 | 6.00 | 11 | Newmark |
| 6 | May-23 | Jul-23 | 7318 Melrosve Ave | 1,159 | 4.15 | 7 | Commercial Asset Group |
| 7 | May-23 | Jun-23 | 8250-8256 Melrose Ave | 1,550 | 4.85 | 20 | Holloway Partners Realty Inc. |
| 8 | Jun-23 | Jun-23 | 828-844 N. La Brea Ave | 1,651 | 3.25 | 6 | illi Commercial Real Estate |
| 9 | Jun-23 | Jun-23 | 7713 Beverly Blvd | 1,932 | 3.35 | 3 | Lee & Associates Commercial Real Estate |
| 10 | Jun-23 | Jun-23 | 7210 Melrose Ave | 2,724 | 3.50 | 3 | HR Property Group |
SOURCE: CoStar