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Hollywood, Florida: A Premier Destination for Commercial Real Estate

Introduction

Hollywood, Florida, located in Broward County, is an attractive hub for commercial real estate (CRE) investments. With a population of over 150,000, this vibrant city is strategically positioned between Miami and Fort Lauderdale, contributing to its thriving economy and diverse industry base. Known for its transportation infrastructure and proximity to major markets, Hollywood offers unique opportunities for businesses in various sectors, including tourism, healthcare, and technology. The city's dynamic growth and business-friendly environment make it a prime location for CRE professionals.

Economic and Industry Overview

Hollywood's economy thrives on a diverse mix of industries, including healthcare, tourism, logistics, and technology. The city is home to Memorial Healthcare System, one of the largest employers in the region, driving demand for medical office spaces. Additionally, the tourism industry's robust presence fuels the retail and hospitality sectors, while the city's proximity to Port Everglades enhances logistics and industrial property demand. The Greater Fort Lauderdale Alliance actively promotes economic development initiatives, attracting new businesses and fostering industry growth.

Strategic Location and Transportation Infrastructure

Hollywood's strategic location offers unparalleled access to major transportation networks, including:

Highways: I-95 and Florida's Turnpike provide seamless north-south connectivity.
Airports: The city is served by the Fort Lauderdale-Hollywood International Airport (FLL), facilitating domestic and international travel.
Ports: Proximity to Port Everglades enhances its logistical advantages for trade and distribution.
Rail: The South Florida Regional Transportation Authority (SFRTA) offers commuter rail services, connecting to regional labor pools.

These transportation assets ensure efficient distribution, robust access to labor markets, and proximity to coastal and international trade routes.

Commercial Real Estate Inventory & Zoning

Hollywood boasts a diverse range of CRE submarkets, including:

Central Business District (CBD): Known for its office and retail spaces.
Industrial Corridors: Positioned near major transportation hubs, ideal for logistics and manufacturing.
Innovation Districts: Emerging areas fostering tech and creative industries.

Key asset classes include industrial, retail, office, and medical properties. Recent zoning changes have created Opportunity Zones to incentivize development. For more information, access the City of Hollywood Zoning Map.

Major Employers and Institutions

Hollywood's economy is bolstered by major employers such as:

Memorial Healthcare System: A leading healthcare provider.
City of Hollywood: Local government services.
Heico Corporation: Aerospace and electronics manufacturing.

The presence of these institutions drives demand for commercial spaces across sectors. Explore the Hollywood Economic Development Office for more resources.

Notable Commercial Developments & Projects

Significant developments in Hollywood include:

Hollywood Circle: A mixed-use development offering residential, retail, and hospitality spaces.
Dania Pointe: A large-scale retail and entertainment complex.
Opportunity Zones: Designed to attract investment with tax incentives.

For planning documents and site maps, visit the City of Hollywood Planning Division.

Building Permits, Planning, and Development Tools

Access vital resources for developers and investors:

Market Data & Economic Reports

Hollywood's market data is supported by public datasets and reports, including:

U.S. Census Bureau
City of Hollywood Open Data Portal
Economic impact reports from local agencies

Brevitas leverages AI-powered aggregation from these public data sources and internal insights. Explore Brevitas-powered dashboards for Hollywood here.