Hollywood Commercial Real Estate Overview
Hollywood is home to the entertainment industry and global tourism magnet. The submarket is a densely populated, economically diverse, and home to several office and retail districts.
Hollywood is a major tourist destination with three fascinating boulevards: Sunset Boulevard, Hollywood Boulevard, and Melrose Avenue. Hollywood Blvd. is known for its entertainment history; Sunset Blvd. for its clubs and nightlife; and Melrose Ave. for its shopping, nightlife, and eclecticism.
Some of the most beloved Los Angeles landmarks are in this area, such as the Central Library, Angels Flight, and the Bradbury Building.
Hollywood is flanked by Hollywood Hills to the north, Los Feliz to the northeast, East Hollywood to the east, Larchmont and Hancock Park to the south, Fairfax to the southwest, West Hollywood to the west and Hollywood Hills West to the northwest.
The Los Angeles Economic Development Corp. has issued a report that found Hollywood generates nearly $47 billion in economic output in Los Angeles County, employs 5% of private sector employees – 162,000 of them. In addition, Hollywood accounted for 85,000 freelancers and independent contractors.
The city is working with developers and financial investors on projects to advance Hollywood’s revitalization.
Hollywood Blvd. has countless urban clothing stores. Walk around and find stores with the latest LNG, Phat Farm, Timberland, Sean John, and many more. Melrose Avenue is the to go to place to feel like a star. Dining and nightlife are abundant.
Madison Partners Hollywood Investment Sales Transactions
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