Hollywood, Florida, a city known for its beautiful beaches and man-made lakes, is an ideal location for a restaurant, offering a unique blend of relaxation and entertainment. With a population of around 150,000, this city is a great place for business and travel, boasting attractions like the Art and Culture Center of Hollywood, the Seminole Tribe's Okalee Indian Village, and the Hollywood Beach Boardwalk. The city's economy is diverse, with industries such as aerospace, electronics manufacturing, and tourism, making it an attractive location for restaurants. The presence of major corporations like HEICO and the Invicta Watch Group, as well as educational institutions like Broward College and Nova Southeastern University, ensures a steady flow of customers. Additionally, the city's infrastructure, including Fort Lauderdale-Hollywood International Airport and Tri-Rail stations, makes it easily accessible to visitors and residents alike. With 20 restaurants for lease, Hollywood offers a range of options for entrepreneurs looking to establish a restaurant in this vibrant city.
Hollywood's restaurants, with their average annual rent of $46 USD per square foot, offer a unique opportunity for entrepreneurs to establish a business in a thriving city. With restaurants ranging in size from 500 to 50,000 square feet, there's something for every type of business. In addition to restaurants, Hollywood also offers retail space, commercial real estate, and flex space for lease, providing a range of options for businesses. The city's retail space, with its proximity to major attractions like the Hollywood Beach Boardwalk, is ideal for businesses looking to capitalize on the city's tourist traffic. Commercial real estate in Hollywood, with its diverse economy and strong infrastructure, offers a stable and secure investment opportunity. Flex space, with its versatility and adaptability, is perfect for businesses looking for a unique and customizable space. Overall, Hollywood's diverse range of properties for lease makes it an attractive location for businesses of all types.
How are restaurant leases typically structured?
In Hollywood, Florida, restaurant leases are typically structured to accommodate the unique needs of restaurateurs, with an average annual rent of $46 USD per square foot and an average size of 5,560 square feet. The maximum space size available is 50,000 square feet, providing ample room for restaurants to operate and thrive in this popular tourist destination.
Restaurant leases in Hollywood often include terms that account for the city's high demand for dining options, with many leases ranging from 5 to 10 years in length. This allows restaurateurs to establish a strong presence in the market and capitalize on the city's tourist traffic, which is supported by the nearby Fort Lauderdale-Hollywood International Airport and Tri-Rail stations.
What kitchen equipment is usually included in restaurant leases?
When searching for restaurants for lease in Hollywood, you'll find that many listings include essential kitchen equipment, such as commercial-grade refrigerators, ovens, stoves, and dishwashers, which can help you get your business up and running quickly. With 20 available listings, you're likely to find a space that meets your needs, and with average annual rent per square foot at $46 USD and average size of 5,560 square feet, you can focus on crafting a menu that will attract customers from the surrounding neighborhoods, such as Hollywood Beach and Downtown Hollywood.
