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2022 Q1 Hollywood/Mid-Wilshire Office Research Report

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OFFheroHWW_Q122

2022 Q1 Hollywood/Mid-Wilshire Office Research Report

Key Takeaways: 

  • Hollywood/Mid-Wilshire office occupancy was relatively flat in Q1, fairing better than many other Los Angeles office markets.
  • High vacancies in Mid-Wilshire caused the average asking rent in this submarket to fall by 12% year over year.
  • Over 64% of the vacant office space in this market is in Mid-Wilshire.
  • Hollywood recorded 137,992 SF of leasing activity in Q1, the highest quarterly amount since the start of the pandemic.
  • Demand for offices with studio space to make movies and television shows remains strong in Hollywood and its surrounding areas.

OFFthumbHWW_Q122

2022 Q1 Hollywood/Mid-Wilshire Office Research Report

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