Sell Your Commercial Property In Hollywood, FL

Who rents in Hollywood

Hollywood had an estimated 155,082 residents in the 2020–2024 American Community Survey, in 61,409 occupied homes. Renters held 25,245 of them, 41.1%, against 36.4% across Broward County. Median household income was $67,203, about $10,400 below the county's $77,633. The city is home to about 9.2% of Broward's renter households with roughly 7.8% of its population.

The ACS counts 72,843 housing units in the city, so 11,434, or 15.7%, were vacant, for sale, for rent or used seasonally when surveyed. Owners should expect buyers to separate annual leases from short-term and seasonal ones when they review a rent roll.

The largest local employer named for the city is Memorial Regional Hospital, on Johnson Street, a Level I trauma center that Memorial Healthcare System calls one of the largest hospitals in Florida. Tourism along Hollywood Beach, the Seminole Hard Rock Hotel and Casino and nearby Fort Lauderdale-Hollywood International Airport add service and hospitality jobs.

Rents and affordability

Median gross rent in Hollywood was $1,653 over 2020–2024, $254 below the county's $1,907. Lower rents have not meant easier affordability. Some 63.9% of renter households pay at least 30% of income for housing, above the county's 61.9%, and 33.9%, about 8,600 households, pay half or more.

HUD's fair market rents for the Fort Lauderdale HMFA, which covers Broward, are well above the city median for every unit size:

Source: HUD FY2026 FMR schedule. FY2027 figures took effect October 1, 2026. Even the studio FMR exceeds Hollywood's median rent, so for most buildings the voucher payment standard is not the limit on rent; tenant incomes are.

The apartment stock

According to ACS table B25024, 30,514 of Hollywood's housing units, 41.9%, are in buildings of five or more units, close to the county's 41.4%. Large buildings hold the most: 13,660 units in buildings of 50 or more and 8,310 in 20–49 unit buildings, with 5,531 in 10–19 unit buildings and 3,013 in 5–9 unit buildings. Two-to-four unit buildings add 5,869 units and detached houses make up 43.5% of the stock.

Age sets Hollywood apart. Per table B25034, the median year built is 1969, eleven years older than the county's 1980. Some 74.7% of units predate 1980, against 50.0% countywide, and the 1960s and 1970s alone account for 46.9%. Only 3.4% of units were built in 2010 or later, and just 335 since 2020. For owners in Hollywood Lakes, Downtown Hollywood and Emerald Hills, that means little new competition but steady questions from buyers about roofs, plumbing, electrical panels and insurance on 50- and 60-year-old buildings.

Property taxes in Broward County

The Broward County Property Appraiser assesses each parcel at just value as of January 1. Buildings of 10 or more units fall under s. 193.1555, which caps annual increases in assessed value at 10% for non-school levies; 2–9 unit buildings get the same cap under s. 193.1554. School levies apply to full just value, and both caps reset after a sale, so a buyer's tax bill is based on the purchase price.

The Property Appraiser's millage table lists two tax district codes in Hollywood for 2025, at 20.8985 and 22.0571 mills, down from 20.9435 and 22.1827 in 2024. Nearby Dania Beach was 19.0362 to 20.1948. At 20.8985 mills, a $3 million building would owe about $62,700 a year on a reset assessment. Appeals go to the Value Adjustment Board within 25 days of the TRIM notice under s. 194.011, and deeds carry documentary stamp tax of 70 cents per $100 under s. 201.02.

Landlord rules

Hollywood cannot cap rents: s. 166.043 and s. 125.0103 bar local rent controls, and s. 83.425 preempts local tenancy rules. Deposits are uncapped but must be returned within 15 days or claimed in writing within 30 under s. 83.49. Nonpayment notices give three days, excluding weekends and legal holidays, under s. 83.56, and month-to-month tenancies end on 30 days' notice under s. 83.57. Leases of six months or less are taxable as transient rentals, per the Department of Revenue, while longer written leases are exempt.

What this means if you own a building here

Hollywood sellers have a large renter base, almost no new supply and rents with room below HUD limits. The offsets are age, a tax rate above 20 mills after the reset, and tenants already near their limits. Buyers will price capital needs first. Our cap rate calculator shows how those costs move value. Skyline Capital Investments buys 5+ unit buildings in Hollywood and Dania Beach, in any condition; our seller page explains how we underwrite. Before listing, gather the last two TRIM notices, a current rent roll, deposit records, insurance declarations and any roof or repair permits.