2006 Grant Street
Central Hollywood / Dixie Corridor — Commercial Land Parcel Market
What's Happening Now
The Dixie Highway High Intensity Multi-Family District (DH-3) permits residential, mixed-use, and limited commercial development at densities meaningfully higher than surrounding residential zones. That entitlement translates into a $/SF land premium that makes DH-3 parcels worth materially more than comparable land in the surrounding R-zoned blocks.City of Hollywood Zoning Code
Multi-parcel assemblage along Grant Street, Johnson Street, and Hayes Street has been the dominant land transaction activity over the past 24 months. Single-parcel sales to non-assemblage buyers have been relatively rare, which limits the visible comp set for any given parcel.Local market observation
Replacement-cost rents on new construction are running roughly 20% above current Class A market rents nationally, which continues to suppress new development. For corridor land holders, this means existing parcels are appreciating relative to a market where new supply can't pencil — a structural tailwind for vacant land values.PwC / ULI Emerging Trends 2026
1,000 new residents move to Florida every day, and Hollywood's central location between Miami and Fort Lauderdale captures meaningful migration absorption. Long-term residential demand growth supports the case for DH-3 entitlement value, even when short-term construction cost dynamics make immediate development difficult.Ken's Trends, 2025
Vacant DH-3 parcels in Central Hollywood trade infrequently. The most recent comparable land transactions have come from adjacent zoning districts (I-L industrial-light in Hallandale, comparable urban-corridor C-zoned land elsewhere in Broward). Anchor land $/SF for DH-3 typically prices at a premium to those reference points.Local market observation
National 2026 industrial and multi-family deliveries are projected to fall 70%+ from the pandemic peak, with starts running 25% below the 2017–2019 average. Less new product coming online means existing entitled land holds value better than in oversupplied cycles.PwC / ULI Emerging Trends 2026
These benchmarks reflect arm's-length land transactions and zoning entitlements for comparable parcels in Central Hollywood / Dixie Corridor and adjacent corridors. Actual value for any specific parcel depends on size, frontage, assemblage potential, environmental conditions, and zoning entitlements — none of which are captured in submarket benchmarks alone.
Site walk + zoning analysis tightens this range significantly.
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Not a listing. The property described on this page is not listed for sale or lease by Justin Crow or Mattis Advisors. Justin Crow has no listing authority for this property and does not represent the owner unless explicitly engaged in a written agreement.
Not an appraisal. Nothing on this page constitutes an appraisal, a Broker's Opinion of Value, or a Broker Price Opinion under Florida Statute 475.612. The submarket benchmarks shown are general market observations and are not specific opinions of value for this property.
Public records. All property data is sourced from the Broward County Property Appraiser's public records and is reproduced here for informational purposes. Property data may be inaccurate or out of date. Justin Crow makes no warranty as to the accuracy or completeness of any information on this page.
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About. Justin Crow is a Florida-licensed real estate associate operating under Mattis Advisors. Brokerage activity is conducted through Mattis Advisors.
Vacant commercial land in Central Hollywood is increasingly scarce. The Dixie Corridor's DH-3 zoning permits high-intensity multi-family and mixed-use development at densities not available in surrounding residential zones, which has driven a steady premium for corridor parcels relative to comparable land elsewhere in Hollywood.
Most remaining vacant or open-storage parcels are held by entities that have been actively assembling adjacent properties for future redevelopment. Land trades infrequently — when parcels do transact, the buyer profile skews toward developers, end-users, and assemblage holders rather than investors.
Recent transaction data from comparable commercial land parcels in this segment establishes the following submarket benchmarks: