Commercial Real Estate Market in Hollywood, FL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
634 active listings and 4,475 off-market properties in Hollywood, FL. Commercial property asks $386/SF to buy and $26.79/SF/Yr to lease.
Market Trends
Hollywood, FL spans 90.0 square miles in Broward County, Florida. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Hollywood, FL asks $332/SF to buy. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Retail
Retail vacancy in Hollywood, FL runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Hollywood, FL runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily space in Hollywood, FL asks $382/SF to buy. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 49.9%
- Civic 19.6%
- Mixed use 6.8%
- Planned_development 4.9%
- Industrial 4.9%
- Commercial 4.2%
- Open space 1.8%
- Agricultural 0.4%
Largest Zones share of zoned land by district
Government Use District
Single Family District
Single Family District
Port Everglades Development District
Single Family District
Single Family District (RS-6)
These districts are designed to protect the character of the single family neighborhoods
Market overview
Demographics & Economy
Hollywood, FL has 496,275 residents in 198,207 households. Density runs 5,515 people per square mile. Median household income here is $80,672 and median gross rent $1,841 a month.
496,275
Population
198,207
Households
2.5
Avg Household Size
41
Median Age
35%
College-Educated
91%
High-School Grad
90 sq mi
ZIP Area
5,515
Density / Sq Mi
$80,672
Median Household Income
$43,708
Median Earnings
$1,841
Median Rent
$399,063
Median Home Value
Tools
Lease vs Buy Breakeven
At $26.79/SF/Yr lease vs $386/SF buy → buying wins if held > 3.3 years.
The comparison uses county-wide sale comps against Hollywood asking rents, so the implied 6.9% gross yield is computed off asking rents rather than a closed-deal cap-rate benchmark. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Davie | $386 (county avg) | $21.08 |
| Miramar | $386 (county avg) | $17.02 |
| Pembroke Pines | $386 (county avg) | $40.56 |
Commercial property in Hollywood, FL asks $386/SF. The 3 bordering markets run from $386/SF in Davie to $386/SF in Davie, and the city sits in line with their $386/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Hollywood?
Commercial property in Hollywood, FL asks an average of $386 per square foot. The 8 most recent recorded sales traded at a median of $689/SF. Multifamily carries the highest asking price at $382/SF.
How much does it cost to lease commercial space in Hollywood?
Asking lease rates in Hollywood, FL average $26.79 per square foot per year.
Is it cheaper to lease or buy commercial space in Hollywood?
Buying beats leasing in Hollywood, FL if the property is held longer than 3.3 years, comparing $26.79/SF/Yr asking rent with $386/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
How does Hollywood compare to nearby markets on price?
Hollywood, FL asks $386/SF against $386/SF in Davie, $386/SF in Miramar and $386/SF in Pembroke Pines.
Where does Realmo's Hollywood market data come from?
Realmo compiles Hollywood, FL figures from 8 recent recorded sales, 415 active sale listings, 219 active lease listings, 4,475 tracked off-market properties, the current Hollywood zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 415 active for-sale and 219 active for-lease listings in Hollywood, FL. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Price per square foot
- The county-level $/SF blends closed sales aggregated over the trailing months of available data, not a single day's snapshot — it can differ from any one month's own median.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 17,942 zoned acres across 75 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 2026 — not today — is the honest last update.
- Known limitations
- the lease-vs-buy comparison mixes county-wide sale comps with city asking rents, office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 30 September 2026 · report a data issue
