Hollywood, California Commercial Real Estate 1 Listing

Hollywood, California: A Premier Destination for Commercial Real Estate

Introduction

Nestled in the heart of Southern California, Hollywood is an iconic city with a robust commercial real estate (CRE) market. Known worldwide for its entertainment industry, Hollywood is a vibrant urban center within Los Angeles County, home to approximately 200,000 residents. As a hub for film, media, and tourism, the city offers a dynamic economy that fuels demand across various commercial property types, including office, retail, and multifamily assets. Hollywood's unique positioning as a cultural and economic powerhouse makes it a compelling location for CRE investment and development.

Economic and Industry Overview

Hollywood's economy is driven by the entertainment industry, with major studios and production companies anchoring the region. This sector's influence extends to supporting industries such as media technology, tourism, and hospitality, creating a diverse economic landscape.

Entertainment & Media: The presence of entertainment giants such as Warner Bros., Paramount Pictures, and Netflix underscores Hollywood's status as the entertainment capital of the world. Demand for office space in the media and tech sectors continues to rise.
Tourism: Iconic landmarks like the Hollywood Walk of Fame and the TCL Chinese Theatre attract millions, driving retail and hospitality property demand.

Local economic development initiatives, such as those by the Los Angeles County Economic Development Corporation (LAEDC), aim to foster growth and attract new businesses to the area, further boosting the CRE market.

Strategic Location and Transportation Infrastructure

Hollywood benefits from a strategic location with excellent transportation infrastructure:

Highways: Major highways such as US-101 provide direct access to Los Angeles and beyond.
Airports: Proximity to Los Angeles International Airport (LAX) and Hollywood Burbank Airport facilitates national and international travel.
Public Transit: The Metro Red Line offers robust public transit options, enhancing connectivity for labor pools.

These logistical advantages make Hollywood a prime location for businesses requiring regional and global accessibility. For more information, visit the California Department of Transportation.

Commercial Real Estate Inventory & Zoning

Hollywood's commercial real estate landscape comprises diverse submarkets:

Central Business District (CBD): Offers prime office spaces and corporate headquarters.
Industrial Corridors: Host to warehouse and distribution facilities supporting the entertainment industry.
Innovation Districts: Foster tech and creative industries, providing modern office spaces.

Recent zoning changes and incentives, such as the Hollywood Community Plan Update, encourage mixed-use development and increased density. Access the latest zoning maps and parcel viewers via the City of Los Angeles Zoning Information and Map Access System (ZIMAS).

Major Employers and Institutions

Hollywood's economic vitality is supported by leading employers and institutions:

Top Employers: Entertainment studios like Paramount Pictures and Netflix.
Educational Institutions: Institutions like the American Film Institute contribute to the skilled labor pool.

For a comprehensive list of employers, visit the Los Angeles Business Directory.

Notable Commercial Developments & Projects

Key developments in Hollywood include:

Mixed-Use Projects: Initiatives like the Hollywood & Highland redevelopment aim to enhance the urban landscape.
Opportunity Zones: Areas designated for tax incentives to spur economic growth.

For detailed project maps, consult the Los Angeles City Planning Department.

Building Permits, Planning, and Development Tools

Developers can access essential planning resources:

Market Data & Economic Reports

Access public data sets and economic reports to inform investment decisions:

Brevitas leverages AI-powered aggregation from public data and internal insights, offering a comprehensive view of Hollywood's CRE market. Explore Brevitas-powered dashboards for more detailed insights.