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2021 Q1 Hollywood Wilshire Office Research Report

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Hollywood/Wilshire Corridor

  • Hollywood/Wilshire Corridor vacancy increased another 120 basis points over the quarter to 24.5%.
  • Over 60% of the vacancy in this office market is in Mid-Wilshire.
  • Sublease availability has more than doubled year-over-year in Hollywood, reaching 5.5%.
  • Average asking rates are down slightly over the year in both Hollywood and Mid-Wilshire.
  • Net absorption was negative for four consecutive quarters, amounting to 715,292 SF in losses.
  • The digital streaming industry will help keep Hollywood office demand healthy compared to other areas of Greater Los Angeles.

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2021 Q1 Hollywood Wilshire Office Research Report

Download Report