Commercial Real Estate for Lease

Commercial real estate in DTLA's Fashion District! This beautiful building is 13 stories high and was once warehouse space for manufacturing, but is now primarily being used as creative office space! Most of the tenants are fashion along with plenty of photographers. This building gets so much attention because of the stunning natural light it gets from westward facing windows. Spaces have central HVAC, cement flooring, exposed ceilings, warehouse style windows, passenger elevator, 2 freight elevators, and more! Moreover, the building has very competitive price per square foot which is what everyone's looking for in this office space market. Last but not least, there's 24/7 access. Visit realestateLA.com/address/1013-s-los-angeles-st for current availabilities!

What small business in Los Angeles doesn't need some creative space? Fortunately, one of the most popular buildings in DTLA, the Spring Arts Tower, has people covered. Located in DTLA's Old Bank District, it is noteworthy to mention that the price per square footage here, won't break your bank! One of the most distinguishing features of the building is that its ground floor is home to the Last Bookstore, one of the top privately held bookstores in the world and a must-see second floor mezzanine art gallery. If you are a tenant here, all you have to do is say "I'm in the same building as the Last Bookstore" and everyone will know what you're talking about and where you're at! Not only that, this building also features the Crocker Club, an old bank vault converted into a bar & event space, along with Spring St Cafe on the 9th floor, a charming and polished cafe experience with coffee, pastries, sandwiches and more. In addition to all this, and the main point of this post, is that the Spring Arts Tower is likely your best bang for your buck when it comes to renting creative space in DTLA. Call it what you want, creative office space, whatever, these units feature polished cement floors, exposed ceilings (no dropped officey looking spaces here!), and large windows flooding every space with natural light. With units facing 5th St, Spring St, the interior courtyard, and the alley/building next door; the building offers a variety of views to choose from, each with its own advantage. For instance, the courtyard units are the most quiet, 5th St gets the best light, and Spring St gets lower noise and relatively good & neutral for most of the day as it faces the South. Home to artists, photographers, lawyers, a hair salon, a tattoo studio, non-profit organizations, tech companies, you name it and that type of tenant is probably here. These small private creative spaces come available monthly, and a bunch lease monthly. Take advantage of all the building has to offer, including the most competitive rates from Los Angeles creative office space in the entire city! It is definitely advantage to have your own private office space in these times, where many people who have been working from home since the pandemic, are starting to go crazy from rarely leaving their home! There's nothing like having a separate space to put you in work mode, apart from home mode! So if you're looking for Los Angeles creative space, the Spring Arts Tower has to be on your list of possibilities, because of the many advantages stated here! Did I forget to mention there's 24/7 access and 24/7 security? And that all electricity, water, and trash are included (provided no inordinate use)? Yep, that's right. So come visit what was once dubbed the Crocker Bank Building in the Historic Core of DTLA, in the part of the neighborhood known as the Old Bank District!

I won't lie, I found out about this economic principle on the Netflix show "Explained," the diamond episode. Since then I've been thinking: can DTLA office space be a veblen good? A veblen good is type of product that increases in demand when the price increases. For instance, the quality of attorney services is often fallaciously thought that the higher the hourly the rate, the better the attorney and his or her services. The same goes with diamonds. Some people might say "Oh that diamond is priced so high... it must be of an exquisite quality" or, "I can't get buy my wife that diamond it's too cheap, she'll find out, then I'll never hear the end of it!" But can this phenomena occur in the search for office space? Well, the answer is yes and no. Suppose you're looking at a list of DTLA office spaces and one is ranked $2.60 per square foot and the other rate is $1.50 per square foot. What's the first thing that comes to your mind? Is it, "Wow the latter is a great deal!" or, "The latter must be very bad quality!" Well, I don't know what your answer is, but I could see someone thinking the office space must be of an awful quality. A logical person would visit each office building. She would personally assess the quality of the view, the flooring, the natural light, the ceilings, the lighting, the common areas, the amenities, and et cetera. Then that person would determine for herself whether the space for $1.50 per square foot is simply awful and the rate is indeed justified, or it is simply just a great deal. My concern is that people will assume the latter with my listings that are priced aggressively: not realize it's a great deal and think it must be awful. You might say, "Donegan are you worrying that your clients looking for office space in DTLA are stupid?" My answer to that is, "Not really." I think if people aren't studying the spaces closely, and doing a preliminary search, they might just toss that one out of the pile just because it's so far below the other buildings nearby it's not even worth touring. Actually, I normally assume my clients are smart. I assume they'll shop around. So if I see the market going one way or another, I'll price them in anticipation for that; and expect people to see it's a good deal. But what about those decision makers who aren't meticulous searchers? Ones that make decisions quickly and move forward full throttle. Well, often times, business owners make decisions like this. It's one of the DISC personality types, the D for dominant. And business owners are the ones who rent office spaces. So what is the solution? Well, there is no perfect way to market something, I suppose. I'll continue to assume my renters are smart and see that my listings are priced well. But I'll also keep in mind the possibility that some people looking for DTLA office space may be quick to judge just by the price per square foot being low. Check out our current Los Angeles office space listings DTLA and give us a call/text to check them out, if you're serious about leasing that is!    

For me, it has been an interesting ride in commercial real estate from when I first came to DTLA in 2008 to now. It was the lowest point of the recession. I was homeless at that time, and then I found myself staying with a friend who was living in a warehouse in the Fashion District. I connected with his landlord and started renting warehouse space for artists to do the same. Because I was so successful at it, I wasn't surprised when the residential market exploded with growth. And equally, I wasn't surprised that the industrial style or warehouse-look became increasingly popular. I quickly found my services more in demand for smaller commercial real estate space than residential space. Also, I liked commercial better, and legally converting commercial space to live/work was and still is far too onerous, costly, and time consuming of a task. And it just was not worth dealing with how over-regulated, and quite frankly, bullshit-oriented the Los Angeles bureaucracy machine made it to make living in commercial space legal. So I quickly focused on office, warehouse, showroom, & retail uses only. At the time, space having an industrial look in Los Angeles office space was a unique thing. And not to disparage it, because it is still as awesome as ever, after 12 years, the warehouse space look in office space is now basically the status quo. So as you probably know the Downtown LA renaissance burgeoned into full flowering mode. Other things happened too. Ecommerce took flight. The face of retail has been changed forever. The type of commercial tenants in DTLA began to change from lawyer offices & sewing factory tenants to artists & "creative" tenants. And guess who specialized in artists and creative tenants? :) Also companies became more ecommerce focused in their use. Manufactures steadily moved overseas and continue to do so with California's over-regulation and increases in minimum wage. As ecommerce flourishes, ground floor space in the Fashion District have seen showroom tenants dropping like flies, and dropping rent prices. This fact, and all the new development that has occurred has created a surplus of cheap cool ground floor space. And this surplus, has also amplified the surplus that has been created in the office market as well, because at the end of the day renters are going to compare pricing, location, style, and amenities and an increase in ground floor space also affects the overall creative office market. Countless abandoned buildings or buildings that were once all sewing factories sold and were converted to live/work lofts. Many also converted into creative office buildings. Brokers sold developers/buyers on the idea that "You can get $3psf if you convert to creative office" and well, buyers bought it. Well, right now, it is pretty damn hard to achieve $3psf for office space in most of DTLA. Another factor has been that, with the conversion of types of uses of space, there was once a far less supply of small office spaces in Downtown LA. As a result, more co-working spaces businesses have popped up, effectively increasing the completion of attaining tenants looking for space for 2000sf or less. So basically, after such a long development and redevelopment run, now everyone and their mother is trying to lease out their commercial space to artists, and smaller commercial spaces are more abundant, and well the DTLA office market is more competitive overall, a lot more competitive. There is a surplus but it is a manageable surplus. It is not a huge, and not sure if I want to say big, but there is definitely strong competition out there. Since everyone is largely doing the same style, the name of the game has largely been who can offer the best price-per-square foot. And renters now a days, care a lot more about price per square foot than they use to. I do not see these trends in the DTLA office space market ending soon. Depending on the economy goes, we could be looking at a continued slight surplus for at least a year. But the good news is there are things that can help landlords be more competitive, aside from price. Amenities are a nice thing, like a roof lounge, an on-site cafe or market, a shared common area of any kind like a game room, kitchen space, meeting/conference room, gym, and et cetera. And of course, we here at dtlarealestate.com are an incredible resource for landlords and tenants of all kinds looking for office space in Los Angeles, not to mention warehouse, showroom, and retail space as well!

Like many creative office buildings in Downtown LA, this building was once used for sewing manufacturing. Being an industrial style building it is no wonder it was once industrial. Well, in 2012 a developer purchased the building and converted into creative office space. I've leased to around thirteen sets of tenants in this building, and it's no wonder why. It sells itself. It's located in the best location of Downtown LA, well, a block from it, on Spring Street between 7th and 8th. 6th/Spring I consider the best location. This is where DTLA Artwalk occurs on Spring between 4th and 8th Streets. Anyway, the spaces are wonderful. Polished cement flooring, some have large white polished tile. Every unit has central HVAC with its own private thermostat. The building has 24/7 access and there's a security guard onsite Monday through Friday. The units are reasonably priced per square foot. There's currently three available! Visit the main page to check them out. As always, thanks for visiting and making us your first resource for creative office space Los Angeles. We also can provide LA property management services in Los Angeles, Los Angeles homes for sale, and we can help you buy condos for sale in Downtown LA. Give us a call now!

Work out of a Los Angeles Theatre Landmark Imagine having your creative office space in a Downtown Los Angeles theater landmark. That dream can be in reality as it has been announced that the Los Angeles Theater Center has made available a fifth floor creative office space on a use permit. Your client and employees can walk through the theater center lobby featuring high ceilings and gorgeous skylights to reach this incredible space. The space itself is 1700 square feet of blank canvas space to allow your own personal touches. It features a wide open space complemented by three privates offices. The space's amenities include Central HVAC and access to both a passenger and freight elevator. If you are interested in this rare opportunity please contact Donegan McCuaig at (213) 304-4727 or view our other listings at www.dtlarealestate.com. DISCLOSURES: The information contained herein is deemed reliable but was obtained from third parties and has not been independently verified by DTLA Real Estate and is therefore not guaranteed. Brokers/agents are not qualified to act, consult, make conclusions, and/or provide advice with respect to legal, tax, environmental, licensing, permitting, architectural, building code and construction, soils-drainage, and/or any other such matters, so for these things you should refer to the appropriate expert of your choice. Pictures shown might not be of the actual particular available space, but of a similar one in the same building. As commonly practiced in commercial real estate, if there is a common area, square feet quoted is the gross square feet and includes a portion/load factor of the building's common areas. Rent rate and terms on all of DTLA Real Estate's advertisements and correspondences are subject to change so the final rent rate and terms are not valid or binding until a written lease has been signed by lessor and lessee. Please see our web-site for full disclosures. Lic#01753250 OUR COMMERCIAL LEASE LISTINGS OUR COMMERCIAL SALES LISTINGS Work out of a Los Angeles Theatre Landmark Work out of a Los Angeles Theatre Landmark

Los Angeles Restaurant Space for Lease Unique Opportunity DTLA Real Estate.com is proud to present an incredible new opportunity to lease large restaurant or retail space on Spring Street. This space used to house an annex of the LA Times Office, but the recent layoffs at the Times have opened this space up to the public. The site sits directly across the street for the future location of the Metro Regional Connector so foot traffic will not be a problem here. The false facade of smooth plaster of this building will be removed and the original historic architecture will be restored and refurbished, separating it from the Southland Credit Building. The space has a stunning stylish industrial look that is extremely popular now, with soaring ceilings and fantastic skylights these spaces are definitely jaw-droppers, making them an ideal space for any company wishing to juxtapose themselves with a cool/hip image. The space is steps away from The Edison and and is within walking distance of Grand Central Market, Walt Disney Concert Hall, and the brand new Broad Museum. A restaurant tenant will be in company of venues such as Redbird, Otium, and Badmaash. The building can be rented together or divided evenly into two and rented separately. The building can be a net lease of the entire space or it can be subdivided into spaces of 2886sf, 7153sf, and 1489sf! Space features incredible raw wood and raw brick materials. If you would like to set up a tour of this space please contact Donegan at 213-304-4727. Also please view our other listings on our website at dtlarealestate.com BRE Lic #01753250 OUR COMMERCIAL LEASE LISTINGS OUR COMMERCIAL SALES LISTINGS

Every second Thursday of the month Spring Street from 2nd St to 9th Street hosts Downtown LA's ArtWalk Event. The stretch is informally dubbed "Gallery Row" and all of these galleries open their doors to the public. Even more traditional retailers get involved hosting events and exhibitions. Food trucks and sidewalk vendors crowd the streets. Over the past few years it has quickly become one of Downtown's "don't miss" events. One of the questions that comes up frequently among artists is how do I display my work during this event? One of the easiest methods could be having your own gallery right in the middle of the event. DTLARealEstate.com is proud to present the opportunity to take over a small gallery space at 333 S Spring St. The gallery is a ground floor space measuring 644 sq ft. The rate is three dollars per square foot which well below market value for a sub 1000 sq ft space. There is also 844 sq of mezzanine space which the new tenant will have the option to lease at a negotiable rate. This is a 15 month sublease after which the new tenant can negotiate for a new longer term lease with the building. For more information please view our website at dtlarealestate.com

If you walk through any neighborhood in Los Angeles you're likely to come across one of nearly 1500 concrete buildings that were constructed before 1976. Full concrete buildings became popular throughout Los Angeles around the turn of the Century due to their durability. In 1976 the city determined that while sturdy these building were very vulnerable to the side to side motions of earthquakes. Over the next twenty five years the city began the process of having these retrofitted with steel beams. Today these buildings are perfectly safe and are a testament to an architectural rage of the past. People might guess that the first concrete structure was built in Downtown Los Angeles but it actually sits in the MacArthur Park area at 601 S Rampart Blvd. It was constructed in 1910 and today exists as the Rampart Arms Apartments. Recently multiple retail spaces have opened up in the building and offer an exciting opportunity to launch a business in a rapidly emerging area. It is the feeling of many stakeholders that MacArthur Park/Westlake will soon become a de facto suburb of downtown. If you are interested in this exciting opportunity you can find more details on our main page.

As a commercial real estate broker in Downtown LA, I talk to commercial owners and managers of property in Downtown Los Angeles all the time.  When an owner has a vacant space and wants to work with me I see my role as getting their property leased within 90 days.  If I show it to five qualified people and they do not lease, there’s something wrong funky with one of the 5 causes.  As I wrote in a previous blog entry, there’s 5 things that cause space to get leased.  The biggest one of these 5 causes for properties in gentrifying areas of Downtown LA is often not price. Typically, the issue is lack of value which relates to many things including style, safety, and simplicity.  If you own commercial real estate in Downtown LA in a transitioning/gentrifying area and you follow the recommendations in this article, you will make more money from your property than you can imagine.  Your return on investment in this market will be far better by improving value over lowering price. To recap, here’s those 5 causes that cause properties to get leased.  One, marketing exposure.  Two, time.  Three, adding value.  Four, lowering price.  And five, improving sales presentation.  For me, marketing is never the problem.  If it’s in Downtown LA I can market their property more than anyone else can in Downtown LA.  Time?  No one has time.  Sales?  Most of the time spaces lease themselves, but a sales person does make a difference, and I’m not a bad salesman.  These typically have not been an issue.  Price?  Price has not been the problem.  People in Los Angeles can afford very high rents.  The most common problem I see that keeps properties in gentrifying areas of Downtown LA from leasing is lack of value in terms of style, safety, and simplicity for potential tenants.  If you want gentrified tenants for you un-gentrified property, this is what you need to know. Business owners are looking for value!  They educate themselves.  They look around at different spaces and get a gauge on what’s available for what.  They pay attention to details and compare those details.  Also, business owners have minimal standards!  You can have a crappy building for $.25 a square foot, and still no self-respecting business owner is going to want to relocate their business there. So yes, the problem is value! Business owners care about their image just like they care about what kind of clothes they wear.  Does the property have a style that you can argue for aesthetically?  For gentrifying properties, creative companies are the most likely tenants.  Yes, people like shabby warehouses, but if they are the type that’s willing to pay $5000 a month for a creative office space or retail space in Downtown Los Angeles, they are going to need the space to be crisp, clean, and polished.  The key is to make the property stylish, make it cool, make it what business owners would want to align their image with. Safety is also a spin-off of value.  Safety is a big concern, especially for people not familiar with Downtown Los Angeles.  People that live here feel comfortable, but some people are shocked simply by homeless people asking them for money.  Shocked and afraid! People who have not lived in the Historic Core for a while and find themselves among homeless people, the drug addicted, and/or the mentally ill members of Downtown LA, often freak out. I see it all the time.  Just because you might be use to these type of people, most other people are not. Regardless, for everyone, safety is important.  When you add exterior lighting, security cameras, and a security guard the safety concern is a lot less problematic.  If people are concerned about the safety of your property, they’re probably going to drive by it or walk around there at night to ease their concerns.  If it is pitched black around your building, they obviously are not going to feel safe! Also, business owners care about amenities.  Does the space have HVAC?  Is there a conference room in the common areas?  Are the bathrooms and common areas clean?  Does the exterior of the building look well kept?  Does the lobby give a good first impression?  Often times, it doesn’t matter how cheap the space is, a lot of people simply will not rent without certain things. Last but not least, and a spin-off on value, make the move in simple.  The less the tenant has to do to make the space work for them, the better.  If it’s not move in ready, you cannot show them it does indeed work for them.  Make your property safe, don’t tell people you can.  Make it convenient, don’t tell people you can. People are untrusting these days more than ever, especially in real estate. For instance, lots of gentrifying properties don’t have central HVAC.  Well there’s good news, there’s other options for AC.  Best case scenario, buy the portable AC’s or one of the other AC options out there.  Moreover, install it for them or maintenance!  You can charge them a monthly fee, like the Spring Arts Tower does.  Show them it cools the space down. Do not tell them they can buy the AC and it will cool the space down.  They will think, “Where will I buy an AC and how will I install it?  That sounds complicated. Gosh, that’s another thing to do and worry about.  Wait a second… oh shoot I just remembered I need to go pick up my kids from school.  Crap I think I left the curling iron on!”  Show them! People do not have time or patience.  Tenants will make the easy convenient choice because they have a hundred other things on their mind.  The money you’ll save from having the space leased and not vacant will definitely make you more money than doing the opposite. The most common thing I hear from owners of properties in transitioning areas is this: It’s okay, we can do those improvements once we find a tenant. NO! You need to make your property cool, not tell people you can make it cool. Also, creative people are surprisingly uncreative at times, when looking for Downtown LA real estate.  Also, most people want to move within 30 days.  If it’s going to take you three months to get the improvements done, the “I’ll make it cool” response, makes no sense in principle!  These people will have rented somewhere else by the time the owner is done with the improvements.  Also, since these tenants shop around, why would someone lease at your property that you tell them you’ll make it cool when someone down the street has made the property cool already and they could move in now if they wanted to? So to recap Within reason, price is often not the problem Know that your tenants care about            Style: their image Safety: they don’t want to worry about their employees getting robbed      and suing them or something worse People have minimal necessities no matter how low the price is Know that your potential tenants shop around Make the move-in simple for them They have enough to worry about Make the property an easy “no-worries” choice People are not trusting.  And creative people often are not creative. Make the property cool, don’t tell people you’ll make it cool My name is Donegan McCuaig.  If you’re looking to buy, sell, lease, or manage property in Downtown LA give dtlarealestate.com a call now.  Thank you!

A Downtown Diamond in the Rough Very Rough Like many of the best finds in downtown Los Angeles real estate, there is a gem hiding in plain sight. You wouldn't know it from looking at the exterior of the building located at 229-241 East 7th Street, but upstairs there are four amazing spaces that can be combined in a variety of ways. Many hopeful tenants who want to lease in Downtown Los Angeles covet 20-foot ceilings, central HVAC, 24/7 access and an adjacent parking lot; this property has it all! [caption id="attachment_689" align="aligncenter" width="571"] Warehouse space in Downtown Los Angeles[/caption] Situated on a transitional block of 7th street, you can see the grit turn glint. It is across the street from Santee Court, home to over 200 hundred downtown LA residential lofts. There is nothing sweeter to an Angelino than a one-block commute. Standing on the front sidewalk of the building, looking a few blocks West, you can watch the new Korean Air skyscraper making its way to the high point of the LA City skyline. Fortunately, this building will be getting a paint job soon, as it desperately needs it!  Hopefully the colors will be consistent with the creative interiors.  We'd like to do dark gray with a neon green accent, but we will have to see what the owners say!  This building was actually purchased not long ago.  Having sold recently, the building also has a new property management company!  Everyone seems to be on board with upgrading this commercial building in DTLA! [caption id="attachment_688" align="aligncenter" width="599"] Creative DTLA Office Space[/caption] Last but not least, this building also has to ground floor retail spaces for lease!  Being that this building is situated at the border of the Fashion District and the Toy District, and walking distance from the Historic Core, pretty much any type of tenant you can think of could potentially be a good fit!  The building also has a private parking lot situated next to it, and the spaces include parking!  This could be the great deal you are looking for. For questions about this space or any other real estate opportunity, contact Donegan McCuaig at the number above. A Downtown Diamond in the Rough Very Rough A Downtown Diamond in the Rough Very Rough

This space is the only space in the entire building with a balcony!! Quite a cool space! There's windows on three sides of the unit, so it gets tons of natural light. Unit is currently occupied by an existing tenant but they can move out. Polished cement floors, exposed ceilings, 24/7 access, freight elevator, 4 passenger elevators, renovated lobby/hallways/bathrooms, and it's listed only at $1.25psf It's 4997 square feet in total. See the ad for details!

This unit faces north and the building is located just a hair south of the 10 freeway. So as you can imagine, and can see here, it's quite a good place to view DTLA's skyline! And what better time would be better to see it other than while you are working! And hopefully, what you're producing is creative work. And that relates what you are probably here for, does it not? That's right! So not so long story short, this space is 1627sf and the previous tenant was a recording studio. They spent a small fortune designing this space and adding after-market lighting. The huge windows let inn a glorious amount of natural light. At the moment, this space is still available! For details and for commercial real estate for sale in Downtown LA call the number above!

Check out this space!!! This is one of three spaces that comprise the penthouse floor of the West Washington Building. This is affectionately called PH3. This space has cement flooring, tons of natural light from tons of windows with a cool view of DTLA, hookups for a kitchenette, soaring ceilings, sky light, and mezzanine/loft area! The space is 3992 square feet, including 20% common area. This commercial building has tons of cool warehouse space to be used as creative office space. The building actually sold not too long ago and is under new management and ownership! If you're looking for commercial real estate for sale in Downtown Los Angeles you know who to call! Same goes with help buying commercial property in DTLA. And of course if you want to lease this space the number is above! (213) 304-4727 that is, in case your eyes are tired ;)

By now, if you've been following this blog from the beginning, you know this building! The front space on the second floor has just become available! It's approx 3500 gross square feet and again is going for only $1psf! The building is like new since a few years it burnt down, but they kept the original structure, and totally rebuilt it! The space has a private bathroom, central HVAC, kitchenette, and 24 hour access! The building has 24hr video surveillance in the common areas. There's also an intercom at the front lobby door which you can buzz people in. The location is pretty good for the Fashion District! You're just a quick bike ride from all the amenities in central Downtown LA, and what's more, you have easy access to the 10 freeway. Contact our commercial real estate broker at (213) 304-4727 and of course just visit the links at the top tabs for more info! Come get this one while it's still available!

I can't believe I haven't posted about this building yet! Sorry guys, it's been about a month or two since before my last previous post. But here I am back in action to update you about what's happening with commercial real estate in Downtown LA! So! This building actually changed hands recently. About two months ago, escrow closed and this building is officially under new management and ownership! While dtlarealestate.com was not part of this transaction, it was on our radar as an excellent creative commercial real estate building for sale in DTLA and we're grateful to be a part of the leasing! By the way, this building has cool industrial warehouse space for lease at only $1psf!! Located at 155 West Washington Boulevard, this building is known by most as the West Washington Building. So the lobby, hallways, and common area restrooms were renovated about two years ago or something like that. But as you can see from the photos, there is something lacking in the lobby. A fresh and inspirational creative vibe is needed because, for God's sake, this is a creative office building! I always like to add art to buildings, and it's been fantastically successful at other buildings, most notably the Allied Crafts Building. So the hunt for an artist is on. And despite lengthy procrastination on someone's part, cough, me, cough, it's moving forward. I've received around 15 submissions so far of different artists wanting to bring this lobby to life! There's still time however! Just email donegan@dtlarealestate.com And of course, if you or someone you know is looking for commercial real property for rent in DTLA give us a call! Contact the broker directly at (213) 304-4727! I'll be sure to update you when the new art work on the lobby progresses and any new info on our commercial real estate agency here in the glorious center of the universe, Downtown Los Angeles!

Well it's been a year since I've posted about this building, and lucky for you the existing tenant is moving out of the front side, third floor space! The space is around 3500 gross square feet, and perhaps you remember the epic photos I took of it before it was sub-divided. Huge bowed wood truss ceiling with insulation and raw wood, along with raw brick wall, and high-end faux wood flooring. The space has a private bathroom with shower and there is also a kitchenette, and wait for it, there's also central heat/ac along with your own private thermostat. The space is located on Main Street near Pico Boulevard in Downtown LA's Fashion District. This is an ideal space for any sort of Fashion Company looking to have a high-end creative presentation to their business. Space like this doesn't come along frequently so here's your chance to seize an opportunity if you're looking for creative commercial real estate in Downtown Los Angeles. The building also has 24 hour access and security cameras in the common areas. The front door has been replaced with a luxurious looking metal and glass design, and comes with an intercom where you can buzz guests in. If you recall, this building actually burnt down a few years ago, and they completely rebuilt it but kept the exterior walls! So, you'll basically be the second tenant to occupy the space since it was built! For more questions and touring info give us a call here at DTLA Real Estate, our commercial real estate broker is standing by. Thanks for reading our blog!

So basically I've been trying to get this listing for a year. It's a long story, not one of the likes that would excite you, so I'll leave it out. But with some very random very lucky chance, here it is! This building is a four story building built in 1907 on Olive Street between 6th Street and 7th Street in Downtown LA's Jewelry District. Like many buildings of its time, this building is built out of raw wood and raw brick, and luckily for us that's a style that's really desirable in Downtown Los Angeles right now. I don't know exactly how big each floor is, but it is around 6000 square feet. The third floor is occupied by the owner's company, a jewelry business. But at this moment, the second and fourth floor are completely empty! So the retail space on this building has had a sign that says "Office Space for Lease" on it forever, and it isn't obvious that the retail space is available because it's not an all glass store front. But there's a "Retail Space for Lease" sign on it now, by the likes of yours truly. Apparently the retail space was a restaurant space a long time ago, and when they vacated the completely gutted the space down to it's bare bones, as you can see from the photos. So, yes, you'll have to use your imagination with this space! I believe it would be great for a restaurant space for lease because one of such seems like a good addtion to the mix of the current tenants which are a cafe and a liquor store. Additionally, there is an Italian Restaurant space behind the building that is also part of this property, which is another unique thing about the building. The existing restaurant is basically hidden and to access it you need to walk past through the lobby to this discrete hallway! As for the creative office space available upstairs, what makes it unique is the classy historic feel. I could see a progressive law firm occupying the space. Again, raw brick walls, exposed flat ceilings, and the units currently have old drabby carpeting that can be removed to expose the original raw wood floor, which can be sanded and refinished for the tenants. The building does indeed have a passenger elevator and the stairwell to the upper floors has a beautiful glass enclosure that reveals the wooden stair case and raw brick wall from the interior. There's space available ranging from 300sf to about 6000sf. It's currently being listed at $2 per square foot with move in specials! For more info and touring information see the link-tabs above or just call the phone number on the headline of this page! This has been another blog report on Downtown LA commercial real estate, by broker Donegan McCuaig. Thanks for reading!

Awesome Fashion District building was for sale and was quickly bought! Beautiful raw spaces with cement floors, exposed ceilings, warehouse windows, freight elevator, passenger elevator. Opportunities for properties for sale in Downtown Los Angeles like this don't come by every day, especially with this style. If you're looking for help selling your commercial building in Downtown LA give us a call! And of course, if you're looking to buy commercial real estate here we can help you with that too.

Are you looking for office space for lease in Little Tokyo? Well, since Little Tokyo is a comparatively small district, there's not so many buildings to choose from. There is one creative office building but the rest are all class-b style office space. That's fine, if you like the traditional sort of office. Of course, you don't have to be a Japanese company to rent office space in Jtown. Though there are many companies related to Japan or Japanese-American commerce in one way or another other non-related companies proudly occupy space there. If you want a list of what's currently available in Little Tokyo Downtown Los Angeles, give us a call at (213) 304-4727 now! A commercial real estate broker is standing by to help you!

The South Park District is an exciting area to be involved in, in Downtown Los Angeles, because like other areas it is an area bubbling with change and growth. I recently have been attending the South Park BID (business improvement district) meetings to get more involved in the community, activities, and improvements occurring in the neighborhood. South Park is an interesting beast because it has such contrasting street types. For instance, on Grand Avenue with Evo, Luma, and condo buildings are there and other active streets such as Figueroa, Flower Street, and Hope Street the retail has lots of residential foot traffic and members of the greater Downtown LA community visiting amenities there. The retail is already there and existing. The thing is that there are more streets than just these popular ones, and like everywhere else in Downtown right now, there's a good amount of retail space available for lease in non-A+ locations. The challenge for tenants that the owners of these currently sub-par locations want high rates because they have been able to command those rates via their commercial and industrial tenants that have been historically prevalent. But tenants who are more retail oriented do not want to be the first to jump in the proverbial cold water. Many potential tenants will say, regarding commercial property for rent in South Park's Downtown Los Angeles, that in three years or so, they'd love to rent space there. The problem is finding those first pioneers on these otherwise non-retail ground floor commercial buildings. Also, a lot of the upstairs office space for lease is under-utilized as well. However, there is hope. With the efforts of commercial real estate brokers like me, the state and local governments, and the South Park District BID; we are sure to see the slow rise of the new age of retail and commercial space in Downtown Los Angeles' South Park which will eventually increase in a snowball like effect. If you want help finding commercial space in DTLA's South Park, give us a call! (213) 304-4727

I can't believe I haven't already written a post about this awesome building in Chinatown on North Spring Street. The building doesn't look like it, but it was built in 1890!! Already rented three spaces here and there's only one left! The remaining space is about 3000 square feet and the owner is only asking $1.20psf ($3600 monthly)! Warehouse style space with cement floors, fresh paint, high exposed ceilings, and tons and tons of natural light! This space has windows on two sides of it and has two entrances/exists, one that takes you to Alameda and one that takes you to Spring Street. Actually, we already did a video of this building which you can check out on our home page to see some before and after media. If you're not familiar with Downtown LA's Chinatown and commercial real estate there, renting space at this building is a great way to become acquainted with them. I always say Chinatown is DTLA's last frontier since I think it's the least gentrified area. It's a lot different than Little Tokyo which is really gentrified and diversified, where when you go to Chinatown, it's like stepping into twenty years back in time. Chinatown seems to be more Chinese than Little Tokyo is Japanese, insofar the diversity of shops and Americanized stores and retailers. That's definitely not a bad thing! And another good thing is, that space here is relatively inexpensive compared to competing areas... and there's nothing to generate a more creative vibe for yourself than somewhere completely random! The art scene in Chinatown is still kindled though it has slowed- but you can go check out Chung King Road and there are some galleries there. With the new huge apartment developments coming into Chinatown (along with a brand new Starbucks) change is in the future for Chinatown, and in any case, it will still be an awesome place to own a business and a great place to lease creative office space in Downtown Los Angeles! For availability and touring information along with retail space for lease in Chinatown, contact our commercial real estate broker by clicking the tab above! [caption id="attachment_512" align="aligncenter" width="640"] Chinatown Creative Office Space for Lease in Downtown Los Angeles[/caption]

Like the colors?

This baby is available and it's the last one of this floor plan with polished cement flooring!! Commercial real estate in Downtown LA is burgeoning because this building is filling up up up! What can you do when you're a broker and you get hired to fill up a building, and when it's almost full the owner fires you because he suddenly decides he's paying you too much money??? You cry. Just kidding... I'm use to it.. should be use to that by now! Anyway, this is still an awesome building and there's still some space left since the total renovation! This building also has a little roof patio that could be turned in And last but not least, oddly enough, the second floor has the highest ceilings in the building! Yes yes! Thanks for reading my commercial real estate blog! Call (213) 304-4727 now! Lic#01753250 Last of the Commercial Property for Rent as Creative Office Space. Last of the Commercial Property for Rent as Creative Office Space. All DTLA Condos For Sale DTLA Live/Work Lofts for Sale

Why here? Why now? Those are good questions. The answer is, the deal is good now and it will get worse the longer you wait. Everyone is bullish about Downtown LA's economy, aren't you as well? What does that mean for rent rates and property values? Exactly. I don't need to answer that because you know. As a broker of commercial real estate in Downtown LA I've had a lot of experience. I started when the market was probably at it's worse in 2009, an opportune time to be buying up REO's, foreclosures, and short-sales. Alas, we all wish we would have acted then because we all have seen the prices sky-rocket since then, but at the very least we can act now. Do you have a retail business? Perhaps you need an office space that is not only functional, but says something about you as a business. If you found a good space for either of those, do you think it would be good to wait longer? Perhaps see if the market gets better? Perhaps, you want a short term lease so your rent can be raised to unknown heights at its expiration, exactly not! Give DTLA Real Estate a call. Let's talk. What are your goals for the future and how can we execute a real estate strategy to get you to achieve your desired business results. That's something I love to talk about. Do you think I'm too optimistic? I'm waiting your thoughts now at (213) 304-4727 All DTLA Condos For Sale DTLA Live/Work Lofts for Sale

Another reason people think that they will save money not using a commercial real estate broker in Downtown Los Angeles is because they think that they will somehow be more likely to get a better deal: they think that the commission a broker would make will go in their pockets. This is usually not true. Most commercial properties are represented by a broker anyway, let alone that some buildings you have to use a broker to get access. So whatever the total commission is, say 4%, if you go directly through the listing broker, that listing broker is going to get 4% typically. If you bring a broker to represent you, your broker would make 2% and the listing broker would make 2%. In other words, numbers-wise, most of the time it doesn't make a difference if you bring an agent/broker by with you if the property's listed by another broker. The only way it would be possible for you to get all or part of that 4% is to deal directly with the owner or property management company. If you feel confident that you can do better on your own than using an expert, and you just want to throw away the benefits that I mentioned about the seven benefits of using a commercial real estate agent in Downtown LA (in two posts before this one), than go right ahead. Perhaps you like taking risks? Use us, we want to help you! You know the number (213) 304-4727 thanks for reading our commercial real estate blog! And of course, if you want to see commercial real estate listings just view the link above. Cheers

Can't believe how long it's been since a space has come available at the Allied Crafts Building! I posted this online a week ago and I've gotten like ten inquiries about it. Had four showings today! Photos speak for themselves. Really cool building. Awesome lobby with a mural by artist, Miripolski. Crazy colored accent walls. Lots of space for a cheap rate ANNNNNND all utilities and fees are included. Move-in is 3x amount of rent, so for this bad boy $3000 is the move in. Yes, for those of you math geniuses, the monthly rent rate is $1000! It's about 806 gross square feet. Cement floors and exposed ceilings. It's a corner space and what's unique about it is the amount of visibility it gets from drive-by traffic. There's parking lots nearby where you can park for a monthly fee (it's pretty cheap). Walk-score isn't amazing but you didn't want to have your cake and eat it too anyway. Check out the photos below. Our contact info is on the tab above, call before someone else rents it!

Being a commercial real estate broker in Downtown Los Angeles over the years has given me a perspective of creative office space versus warehouse space. I started in Downtown LA in the Fashion District renting warehouse space to artists. I'm not going to embark on a philosophical discussion regarding semantics but the terms "warehouse space" and "creative office space" are thrown around so loosely, but they often intersect. Generally speaking here's what both types of space share: - both "creative" types of space - both sought by artists and creative companies - both have exposed ceilings (not dropped ceilings) - both often have cement or wood flooring - both desired with natural light - both types enable artists to create art within them - both older/historic buildings, typically - both designed and built for a different set of renters than we have now Generally speaking here's what separates creative office from warehouse space, from my experience: - more expensive price per square foot - more polished - nicer bathrooms - cleaner - newer looking - located in a part of DTLA with a high walk-score - more customer service oriented management - building tenants are all office or non-manufacturing use - include modern amenities (central HVAC, conference room, bar, cafe, roof lounge, et cetera) - more expensive parking, generally less convenient parking - more likely to have 24 hour access - more "professional" - worse loading and unloading - less likely to have freight elevator, let alone one that works - freight elevators smaller - more likely to have lower ceilings Generally speaking, here's what separates warehouse space from creative office space: - less expensive price per square foot - better loading and unloading - grittier, a lot grittier - less maintained - dirtier and dustier - dirtier often gross bathrooms - more likely to have freight elevators - freight elevators bigger - located in a part of DTLA with low walk-score - generally better and cheaper parking - building manager less customer service oriented - do not have modern amenities like A/C, etc - less likely to have 24 hour access - building tenants are mixed with manufacturing companies and office use - less "professional" - more likely to have higher ceilings And that pretty much sums it up! If you're looking for commercial real estate for sale or lease in Downtown Los Angeles give us a call! (213) 304-4727 Lic#01753250

There's a lot of buildings out there that people call "creative office" buildings. But they are so in name only... actually sometimes, for these buildings, "creative office" is simply a euphemism. That should not be so! A lot of times it's a shoddy random building that is only creative insofar as it wasn't built to be office spaces originally. And sometimes that counts, but not always. Worse case scenario, it's an old traditional office style building with dropped ceilings and commercial carpeting than hasn't seen an upgrade in years. In that case it's class-c office space, and "c" does not mean creative! It means grade-C. And C's don't get degrees when it comes to creative space. So what is the authentic real deal? Well that's different for each person, but here are some things to think about before making your decision. (1) Who are the other tenants in the building? Are they good for your creativity and productivity? I've been renting warehouse space for a long time now. Sometimes, artists I've leased space to don't even want to be near other artists. Which sounds strange but I kid you not. The more random the space the better for some people. Do other creative people inspire you, or do they distract and disengage you from your individuality and productivity? (2) What is authentic and unique about the building and not manufactured and made for the masses? What is the integrity of the building's design like? It's kind of impossible to avoid this entirely, but does the building or space have any unique fixtures? This can affect how your clients view you when they come to your space. (3) Does the layout of the building and space fit your purposes? (4) What is the walk score of the building and how do the nearby walkable amenities affect you? Do you need to be walking near cafes and bars? Perhaps you do, and perhaps you need the social aspect, not just coffee and alcohol. Or are you fine with renting a space near the 10fwy in the Fashion District? It can be nice to get out of your building and work somewhere else to walk and get some exercise and to change things up for a bit to make you feel better. (5) How dynamic is the building? What changes and invigorates? Does the building have the same thing day in and day out? Does the monotony of the building make you want to end your life? Just kidding. How does the building keep your life new and interesting? (6) How does the building affect your networking goals? Are there any common areas? How does the building cause you to engage with other tenants? So that's all I got for now. Give us a call if you're interested in properties and buildings in Downtown Los Angeles. We can help you make a good investment for your business for what suits your energy and style... that is, if it currently exists in the market at the time and they work with brokers! As always you can call (213) 304-4727 to get additional information about commercial real estate in Downtown that's for rent/lease or for buying/selling. May the chi flow in harmony with you. (that's a fung shue reference... nevermind)

It's not everyday that a vacant space opens up next to a space that is a Downtown LA icon. Well in this case, today is the day. Right next to King Eddy Saloon, a 1000sf retail space has become available and is in the process of renovation. This space use to be a discount store of various nick nacks similar to the ones that are known to exist in the Toy District, which this space borders, close to the edge of the Historic Core. The previous store had a mezzanine which has been taken down to reveal soaring ceilings... I'd estimate they are 14 feet high! Not only that but this space still has the original mosaic tile flooring from what appears to be when the building was originally constructed. The mosaic tile flooring is just one feature that makes this space feel like you've walked into back in time. The second feature that creates this feeling is this strange stair case that opens up to a... well I suppose it's like the world's tiniest stage.... or shelf I should say. The railing for it is what makes it look so old. You can tell that it is an antique stair case. So enough of that! How much is the monthly rent rate?! Only $1800 monthly! It's a rare opportunity to come up on a space like this, with ceilings this high, flooring this cool, and next to a Downtown Los Angeles icon. This is why, as a broker, I love working in commercial real estate in Downtown LA. There's so many unique opportunities that reveal a glimpse into history. For more retail and ground floor space for rent/lease, visit our brokerage firm's web-site, on the links above. And of course you can get landlord representation or tenant representation with our company by calling (213) 304-4727 now! Lic#01753250

Brand new renovation at the Leland Building! Three retail units and two have been rented all except the middle one! Ground floor retail for rent in an up-and-coming location of Downtown Los Angeles. Would be excellent for a store of any kind. The building is right next to a tattoo shop and across the street from the King Eddy Saloon, the oldest bar in DTLA, and quite the hipster establishment. That should give you a flavor of what this block is doing. Though the property is technically in Skid Row on the border of the Historic Core in Downtown LA, there's reason to be bullish about this location. If you look at the equivalent block on 6th between Main Street and LA Street, just one block away, you'll find a Downtown LA hot-spot. The Santa Fe Lofts and the Pacific Electric lofts take up that block with the bars The Association, The Varnish, Las Perlas, and The Black Sheep. Of course, Cole's Restaurant is there too. If this block can make it pop, so can 5th. And that is the plan. This retail space would be awesome for a bar. Would be great as a bar or restaurant for rent. For touring info for this space or more commercial real estate for rent/lease in good ol' Downtown Los Angeles give us a call here at DTLA Real Estate (213) 304-4727 www.dtlarealestate.com Lic#01753250

Office Space Downtown Los Angeles: The Only Way to Go If you're looking for creative office space in Downtown LA, you've certainly come to the right place. Please call us at (213) 304-4727 to get the latest updates we have on available spaces in Downtown LA properties and office buildings. Of course, we also have retail space we can help you with as well!! Commercial Real Estate Retail & Office Broker/Brokerage www.dtlarealestate.com Office Space Downtown Los Angeles: The Only Way to Go Office Space Downtown Los Angeles: The Only Way to Go

Broadway Arts Tower Creative Office Building before Renovation The same person who brought you Spring Arts Tower will be bringing you this Broadway building... which will likely be called Broadway Arts Tower. After months and months and MONTHS and months of work this building is slowly coming along. It will be getting a complete face-lift, so it will be dramatically improved from what you see here. Also, the inside has been demoed and is in the process of an incredible and ambitious renovation. It's impossible to describe in words how bad the inside of this building was before it was purchased. It looked as if God himself had forgotten about it and hell had reigned for what seems to have been a good portion of an eternity. Luckily, there has been and is a light at the end of the tunnel, and that light my friends, is amazing. This building has a 40 foot back lobby entrance that will be breath taking to people who first see it. It will feature a beautiful custom chandelier along with custom wood work. The entire inside of this space has been brought down to the raw wood and every original feature has been painstakingly undertook to keep its original integrity. There is raw wood in this building, more raw wood, more raw wood, and MORE RAW WOOD. Spaces are accented by raw brick and will feature lots of glass enclosures to keep the open feel. This space will be something never seen before and stay tuned for updates. New photos will be here in the future once the renovation is completed. Broadway is indeed coming back, and Downtown Los Angeles will be all the better for it. Thanks for following our commercial real estate blog.

Newly Available at Spring Arts Tower Creative Office Space Building There are so many cool things about the Spring Arts Tower. I hesitate to say "cool" because that nomenclature just don't capture what I really mean. It only gets close to it. You have The Last Book Store on the ground floor which is an awe inspiring used book mecca along with an artist collective on the second floor mezzanine. You can take a break from working upstairs and walk around inside and experience a mysterious epistemic energy from all the knowledge floating around. There's places to sit and relax and take in the atmosphere. Secondly, the bar/lounge, The Crocker Club, is located in the basement of the building. The Spring Arts Tower use to be home to the Crocker Bank so what these savvy designers did was keep the vault and created a stylistic night club out of it. You have to see it to know what I'm talking about. Third, the building has Cafe 9 on the 9th floor. This little cafe serves delicious and healthy food and beverages for a very affordable price. They serve breakfast and lunch, and they also deliver. Additionally, they have new items on the menu weekly, so you'll never get tired of what they serve! The creative office space is better than all of the above. Affordable space with exposed ceilings, polished cement flooring, 24 hour access, 24 hour security guard, and outstanding location on gallery row! The building, with all these features, seen above, make this property incomparable. Other buildings with creative office space in Downtown Los Angeles certainly have their work cut out for them. Check out these photos of this space on the 4th floor. It has two private offices and glass dividers. Rent it now before someone else does! 1616 gross square feet! Small office space units are available too! Thanks for reading our commercial real estate blog! (213) 304-4727 www.dtlarealestate.com Lic#01753250 Newly Available at Spring Arts Tower Creative Office Space Building Newly Available at Spring Arts Tower Creative Office Space Building

I did a post about 1320 South Main Street before. The building had burned down and was owned by the bank before the current owner purchased it. What happened was, when the insurance company rebuilt the space, they just made the second and third floor huge 6300SF spaces. There were no flooring, and no walls subdividing the space. The third floor came first. Due to the current market conditions renting a 6300SF space at a premium is hard to do. It's much easier to rent smaller spaces. In fact, the smaller they are the more quickly they get rented, in Downtown LA least. So the third floor is this epic space with bowed wood truss ceiling and raw brick walls. It made peoples' mouths drop when they came in. It's amazing how I still get calls for this space, but I finally took the photos down off our web-site even though the spaces were no longer listed on Craig's List. So anyway. The third floor subdivided in a flash and rented quickly. Onto the second floor. The second floor was one huge weird blue commercial carpeted class-b office space. It's hard to imagine someone needing that much open space. Alas, the sub-division was made into two 3150 gross square foot spaces. Low and behold, the flooring was also changed into a beautiful faux wood aesthetic work. Kitchenettes were added in each one. Video surveillance in the common areas was installed. Central air conditioning and heating was installed. Private bathrooms in each unit were created. The space now looks more like a creative office space than it does anything else, and that's a good thing. The ceilings are around 10 feet high, and they don't have the dropped ceilings that you typically see with class-b office space in Downtown Los Angeles. You're not going to find cleaner space with all these practical features at a better price per square foot than this in Downtown's Fashion/Garment District. You can see from the photos for yourself that this is an awesome space. I think I have the front half rented already to an artist. For more information regarding this space call (213) 304-4727 or visit the links above here at www.dtlarealestate.com For more commercial real estate in Downtown Los Angeles, from our glorious tiny little company/brokerage, DTLA Real Estate.

Normally when you hear "Medallion" you think about the apartment building on 4th and Main Street. As many know, there's ground floor retail space on 4th Street, Main Street, and Los Angeles Street; but behind all that are about 200 small commercial spaces! The building was completed circa 2009 and has since then had its residential units fill up quickly. If you're looking to rent/lease ground floor retail in Downtown Los Angeles, it doesn't get any cheaper than this. Some of the units are as low as $700 monthly, for the upstairs units. The building takes up nearly a city block and is located on the border of the Historic Core and Toy District in Downtown. Aside from ground floor, there's several floors available upstairs (or via elevator). This building also has it's own dedicated parking structure so that's a plus compared to a lot of other creative space buildings in Downtown, which are mostly very old and not built in a time where it was common to have dedicated parking space underground or on the roof. The spaces also have central air conditioning, which is awesome! Apparently, commercial tenants get access to the roof-top pool as well, need that confirmed. The spaces run about $2.50psf, more or less. Typically, the bigger the space, the better the price per square foot you get. Come check out these spaces! Call Donegan McCuaig with DTLA Real Estate at (213) 304-4727 now! And visit wwww.dtlarealestate.com for help leasing/renting or buying/selling commercial & industrial real estate space in Downtown LA!

Creative Office Space Rent Rates Will Rise in Downtown LA One of the most important things to think about when renting or leasing a commercial space anywhere, not just in Downtown LA, is to have a prediction of what rent rates will do in the future. This prediction should be based on true information taken from a wide base/sample to ensure that the depiction it creates is generally representative of the market overall. This prediction should be used to forecast whether rent rates for the potential space for one's business will go down or up in the future. With this information, one is able to plan and minimize one's business' future over-head cost with the hope and intention to earn overall greater profits in the long run through rent savings. How can someone today do exactly this effectively? When it comes to Downtown LA commercial real estate rates, three things to keep in mind are the growing numbers in the residential population in Downtown, the conversion of industrial buildings with sewing tenants into residential lofts in Downtown, and the growing popularity of creative space. For the Downtown LA commercial rental market, one special piece of information is very influential, and that's what the residential movement is doing. The residential bubble burst in 2006/2007 and the economy was in steep decline. At this time the residential market was rich with bank owned foreclosures and short-sale listings. Commercial building owners were basically killing themselves from stress over their financial losses as they saw their equity plummet. But surprisingly, at the same time, overall demand for residential housing in Downtown Los Angeles was beginning to snowball. And it's still growing. The effect of this growth is that the real estate market overall is benefiting. Growing residential life means a growing business economy. Products and services offered to the residential population are experiencing the benefits. The growing business economy results in stimulating the commercial real estate market in Downtown. With more people living in Downtown comes more people working in Downtown. Also, recently, public perception of the general economy is improving, which is a nice change from the economic pessimism that has been so ubiquitous in the last few years. Downtown has become the "popular" and "new cool place" to be in Los Angeles. With growing popularity comes increased demand, with increased demand for a particular location, property rent rates in that locations go up. The second phenomena occurring that one should consider when predicting future commercial rent rates in Downtown relates to the first. With the increase in residential demand, commercial & industrial buildings are kicking out all their tenants to be converted into residential lofts. For instance, many owners of industrial buildings with sewing tenants have kicked all their sewing tenants out in order to renovate their buildings and convert them into residential lofts. All these kicked-out commercial tenants have been absorbing the previously large vacancy in raw commercial and industrial space. As a result, sewing space rent rates have reached a new high and it's harder than before to get sewing space and industrial space in Downtown in general. This scarcity is creating increased commercial rent rates. And since raw commercial and creative space that sewing tenants use makes some of the best creative office space, these sewing tenants have to compete with the influx of artists, photographers, designers, and other creative types to get into this space. This increased scarcity of creative space creates increased rent rates. A third reason creative office rent rates will rise is that traditional office space is becoming less and less popular with regard to aesthetic look as well as layout & orientation. Traditional office space is perceived as constrained by an antiquated style and a less collaborative platform from which to work. As a result, the perception of value of traditional office space is becoming diminished. The overall rigidity of what the traditional dropped ceilings and commercial carpeting represents to many people is exactly what they do not want: a stigma of constraint and inability to allow for the new and random that out-lies traditional expectation of the past. It's important to note that I may be biased because most of my clients are creative types and not lawyers or accountants. But I have rented creative office space to some lawyers and accountants. A growing trend is a more open, collaborative, and engaging layout. Many tenants are seeking not only a place to work but a social mechanism for improving their business through networking and sharing. The age of the cubicle isn't nor will be extinct, but there are becoming less members of that species as creative and historic buildings are made available to today's tenants. This rise of popularity of creative collaborative space and decline of traditional office space indeed indicates that rent rates of creative office space will continue to increase. So yes, the growth in residential population in Downtown, the fact that raw commercial and industrial buildings are being converted into residential space, and the diminishing popularity of traditional office style and orientation are very crucial elements of predicting what the future holds for creative office and commercial real estate in Downtown Los Angeles. All of this indicates that rent rates will increase, so get into a long term lease now while the moment is right. Creative Office Space Rent Rates Will Rise in Downtown LA Creative Office Space Rent Rates Will Rise in Downtown LA All DTLA Condos For Sale DTLA Live/Work Lofts for Sale

DTLA Real Estate does it all. But out of all of it, our favorite is probably creative office. Executive office is great, and we enjoy it as well, but creative office just seems more natural to us. Helping people find creative space in Downtown Los Angeles is our passion. We know that our clients want to be inspired, and are not motivated by all the same things that most class-a office seekers find important. One of the many things that are important for a lot of class-a office building seekers, is to have an impressive and high class vibe to be viewed by their clients as successful and reputable. Being able to afford a really expensive space can be a sign of authenticity, being the real deal, and everyone can appreciate that. Artists, care about presentation as well, but for different mix of reasons and motivations. Freedom, innovation, and character are probably the things that are most important to them. You don't see a lot of artists driving around in Lexus's. I say that not because a lot of artists out there comply with the "starving artist" stereotype of not having enough money to afford executive office rents in Downtown Los Angeles at around $3-$4 per square foot, but because artists want to feel and be unrestrained. To some, driving a Lexus is sign of success and reputability. That may be true, but to some, a Lexus is the result of a corporate engine designed to be what most people will find impressive. Artists want to create and display their own value. Freedom is required for creative energy to flow, and there's just something about being made look expensive that diminishes that. Raw space engenders that unrestrained feeling. Impressiveness is great, but artists would much have a space that allows them to display their impressive work rather than have a space that does it for them. It's easier to do that in raw space. Also, there's something about dropped ceilings, commercial carpeting, and bland hallways that feels imprisoning. It's too corporate. Artists want something unexpected. Something created from an individual's mind and experience that wasn't intended to demonstrate impressiveness for the sake of impressiveness, but to allow them to innovate and demonstrate their work, and to some artists, their work is themselves. If artists want anything from the creation of a space, it is to be set free to create and express themselves. This is not to say Lexus's aren't awesome, it's just to give an analogy. Awesomeness can be the result of many causes. To play with the same analogy, it's interesting to note that historical buildings seem to automatically have a more genuine character to them, especially if they boast the original design. A brand new Lexus is sweet but there's a unique flavor that comes with a classic car. Not only this but creative people also like raw space (creative office style) for unique practical reasons, that class-a office space users do not. In a creative building, typically the ceilings are higher which allows artists to make bigger art pieces. Also, cement flooring, which is really popular, allows one to create things without having to worry about damaging it. What's ironic about all this is that creative office rates are being raised in Downtown Los Angeles while traditional office space rates are being lowered. So creative office is now kind of becoming like a Lexus. But that's okay, reality is ironic. Creative space is suppose to inspire, the occupant is suppose to create. Those creations are what remain eternally genuine, hopefully. You can get creative office space for rent like this in Downtown LA. And what wouldn't be a better place for your work space to be located here in the center of the universe, Downtown Los Angeles. You can do it all with DTLA Real Estate, unless of course, someone else rents it first. And for the record, I wouldn't mind driving a Lexus.

Creative Office Space at the Pershing Square Building Ask DTLA brokers the names of four creative office buildings in Downtown LA and on that list will surely be, The Pershing Square Building. The management recently raised the rates from $1.90 per square foot to $2.10. This building, which is usually close to full occupancy, offers a lot of what you come to expect when you see creative office buildings: polished cement flooring, exposed ceilings, cement, beams, and lots of natural light. The raw quality of this type of space is usually what draws the desirability in office tenants. I've had people walk into traditional office buildings in Downtown Los Angeles and they see the blue commercial carpeting, low dropped ceilings, fluorescent lighting with tray and plastic panels, and bland contours of design and they respond, "I hate this." Well, that's kind of good news to me because I specialize in creative office. But as luck would have it, this type of space is being quickly absorbed in Downtown LA. For instance, the Spring Arts Tower is nearly at 100% occupancy. Buildings with the smaller spaces are positioned the best to absorb the demand of tenants. Because tenants seeking space under $1000 monthly rent rate are much more numerous than those seeking space under $2000 monthly. Even more so, tenants looking to pay $500 or less lead the pack. With all this said, the Pershing Square has some striking advantages which have come to be the reason people love it. First and foremost, probably, the restaurant/bar on the roof of the building dazzles spectators that make their first steps onto its floors. With stunning skyline views and a design that seems to reflect the glorious days of the 1920's mixed with a modern quality create an experience that epitomizes Downtown Los Angeles night life. So if you are a happy hour lover, you couldn't be more happy than you would be here at the Pershing Square Building. Though I cannot speak to the drink prices, only the ambiance. What else. This building is unique out of a lot of DTLA creative buildings because the units have central heating and air conditioning. The tenants enjoy 24 hour access to the space. There is a security guard in the lobby 24/7 and they have video surveillance in the common areas. On the up-side, the management is willing to improve the space to meet your needs by designing and building innovative-looking partitions along with other things you might want to do to make the space meet your needs. On the down-side, to do this, they require a two year lease if you want them to pay for improvements. To me, this isn't even a down-side, because tenants should be committed to their business' success and that they will push on despite whatever circumstances their business encounters through its operations in the long or short term. Also, I think rent rates will go up in the future so it wouldn't be a bad thing to secure the rate they have now for the long term. Last but not least, the ground floor has a prime space for lease. This location, being on the border of Bunker Hill and the Historic Core, is a sweet spot for retail commerce. I believe you could actually rent/lease the retail space for a restaurant of bar, provided you are able to get the necessary permits and negotiate a build out. Tenants on the ground floor right now include Subway, and I can't remember the others at the moment. One other thing I need to mention is that the office spaces upstairs share a common bathroom on each floor. And tenants have full access to a game room they have on the third floor. The spaces also have all utilities included in the rent rate. The building does not have on-site parking but there's lots where you can park for a daily or monthly fee very close by. Thanks for reading! For more leasing/rent info on this building and other buildings in Downtown LA, call me at (213) 304-4727 and visit www.dtlarealestate.com All DTLA Condos For Sale DTLA Live/Work Lofts for Sale

I don't know what to call this building's exterior design. It's difficult to describe. It's like ancient but robotic, which come to think about it, is really cool! This building has been totally gutted on the inside, brought down to the most raw of states, and is actually totally empty at the moment. The ground floor has ceilings so high that looking up might make you dizzy. It is cement style warehouse space with rectangular/square-like columns instead of the circular ones you'd see in older cement style warehouse buildings. The ground floor space is actually available for lease/rent as a prime retail location in Downtown Los Angeles. Would be an awesome location for a large restaurant or department store. There are about 20 brokers already vying to rent this ground floor space, which is around 7500SF. The location, being on Broadway between 5th and 6th streets, make it a little diamond in the rough. Seems to me that leasing any retail space in Downtown LA right now would be a good idea in the long term, because I can only imagine the spaces getting more expensive soon. Although, there is sort of a surplus you could say of retail space for rent/lease in Downtown LA now, I see that space being absorbed rather quickly in the next couple of years as things improve economically and infrastructurally and as the residential population continues to grow. If you are looking to rent a restaurant space in Downtown LA, now would be the time to do it. There is plenty of ground floor retail space in Downtown Los Angeles that would potentially be good for bars, restaurants, and cafes if you're willing to commit to a long term lease as the environment positively develops. This building, of course, has an upstairs. It's the same style as ground floor but with ceilings that aren't quite as high. The building is a total of six stories and the first four stories are all 7500SF and the upper two are 2500SF each. The spaces upstairs, since it is zoned as commercial real estate, would be ideal for creative office. The building also has a design proposal to turn it into residential units, but nothing has been decided officially yet, as far as I know. Last but not least, the building is also for sale! The price is negotiable. Call for details. For more commercial real estate space for sale/purchase or renting/leasing in Downtown Los Angeles, or to tour this building, fill out the form on the left or just call (213) 304-4727 now. Broadway w/ Ground Floor Retail & Creative Office for Rent/Lease All DTLA Condos For Sale DTLA Live/Work Lofts for Sale

Spring Arcade Building Retail for Lease The Spring Arcade Building is one of the historic gems of Downtown LA. This building takes up the space between the two streets, Broadway and Spring Street. This building has apartments upstairs, retail on the ground floor, and along the inside there is an open-air mall with huge walkway running from Broadway to Spring Street. Historically this building, Broadway, and Spring street have been home to bargain retailers and whole-sellers offering cheap deals on every day products. Back in the day, Broadway was like the 99 Cent Store of Los Angeles. Well, that is no more. Due, most likely, to the residential explosion in Downtown LA in the last ten years this area has become home to one of the most popular, if not the most popular, place(s) for young professionals in Downtown Los Angeles. There are three SB lofts buildings on the intersection of which the Spring Arcade Building lies, 6th Street and Spring Street. Not only that but just last year a Starbucks opened up and replaced an electronics bargain retailer in the ground floor corner space of Hotel Hayward, also on Spring Street and 6th Street. Before that other retailers have been popping up like crazy in this area. The cafe and bar scene are quite possibly the most noticeable momentous real estate entities. Spring for Coffee is across the intersection from Starbucks. Coffee Bar, a high end coffee boutique, recently shut down not long after Starbucks arrived across the street; and is now in the works to be changing over to a restaurant and bar. Right next store to what was once Coffee Bar is Spring Street Bar and The Falls Bar, two local-laden watering holes in this epicenter of gentrification. Not only retail but creative office buildings in the area like Spring Arts Tower, located on 6th and Spring Street, have recently achieved 100% occupancy. Additionally, a new creative office building called the Corporation Building (formally known as Spring Tower?) recently completed renovation on a couple floors and is in the process of filling up as you read this article. With the surge of residential and retail in the area it's curious to point out the high number of vacancies in the open-air space of the Spring Arcade Building. Though, the four corner anchor tenants, two on Broadway and two on Spring Street are leading the way by becoming home to a Famima (they moved in a while ago) and new to arrive will be a Mexican Restaurant and a new cafe (both on Spring Street). A Crepe Store will soon open inside the open-air walkway mall but again, there is A LOT of other vacant retail spaces currently available. On top of that all the units will have new HVAC units and the common central walk-way was re-floored last year with very large beautiful tile. These spaces are either approx 500SF or 850SF and they go for $2.50 per gross square foot. So respectively that makes them $1250 monthly or $2125 monthly. Minimal five year leases. Also, some of these units are contiguous so if you're looking for a bigger space you can rent two or three side-by-side each other. You should cash in on this now while you still can because this space will not get any cheaper and the area is continuing to improve! From my humble opinion, one of the reasons that there is a large vacancy for the retailer is that locals aren't really educated to walk through open-air walkway leading from Broadway to Spring and Spring to Broadway. Ridiculous amounts of people walk by the entrances, but few people walk through from one side to the other. Of course, with more retailers they'll have a better reason to do so, but for lack of a better metaphor, you need to first lead a horse to water if you want to get the chance to try to get it to drink. Also, the building hosts two, to what I estimate to be, a 60 foot by 20 foot banner advertising the apartments upstairs (on both Spring Street and Broadway) but the signs say nothing about the ground floor retail available downstairs. Last I heard the loft apartments upstairs are 100% occupied. Seems like some replacing the "lofts available" signage with "retail available" signage would definitely do this building good... if only Mr. Helen, the owner, would let it be DTLA Real Estate's Leasing Sign ;) Whatever the case, the higher number of vacancies is a huge reason for you to capitalize on the current rent rates and open the store you've always dreamed about. I am here to help you fulfill that dream. For leasing information for retail space available at the Spring Arcade Building in the glorious city of Downtown Los Angeles, call me, Donegan McCuaig for a tour at (213) 304-4727. May the real estate gods be with you.

If you're looking for a nice office space in Downtown Los Angeles, but don't want to pay Bunker Hill rates, this is an outstanding alternative. This building is basically located on the border of Bunker Hill and the Historic Core, and it is arguably a better location... if you like the Historic Core better, like I do! This building is also part of the Jewelry District so if you're business is related to jewelry you might as well stop what you're doing and rent here now. Ten story building located on the corner of 7th and Olive, which is by many outstanding well-known DTLA hot spots such as Bottega Louis and Seven Grand Whiskey Bar. This building of course has on-site management, maintenance, and 24 hour security guard along with 24 hour video surveillance in the common areas. This building is in the process of experiencing tons of upgrades, including a ground floor exterior face-lift. The lobby will also be completely remodeled along with the elevator interiors. In addition to that, all the floors' elevator entrance ways have been remodeled and upgraded with really nice tile. The bathrooms on every floor have also been totally remodeled. There's a variety of spaces available for lease at the moment starting from 158sf-2165sf, $400-$3300 monthly rent rates, respectively. A picture is worth a thousand words so you can see from the photos what to expect from this great Jewelry District Building. Another interesting component of this building is the 10th floor, penthouse, photography studio which is just amazing! I have never seen a studio nearly as brilliant and impressive than this one! You can see from the photos what I mean. The design is just spectacular, for lack of a better word, and has huge sky-lights! Last but not least, I forgot to mention that all the units in this building are air conditioned and come with all utilities included!! Of course, with all our spaces, it is a minimal one year lease. Fill out the form to the left or call Donegan at (213) 304-4727 now for details!

So this building actually burnt down a couple years ago. I was referred to the owner, Fred, through another client. Fred had just purchased the property from the bank. And construction had been completed not long after the bank put it on the market. Long story short, the building is now available for lease! So we started with an empty building, which is my specialty, and quickly filled up the ground floor retail spaces. This location in the Fashion District is known for t-shirts. So there's lots of t-shirt whole sellers in the area. At the time there was a lot of retail/show room space available in the area but since then most of the spaces have been rented as the economy seems to be getting stronger. Anyway, it's a three story building. The top floor is a stunning raw brick and raw bowed wood trussed ceiling. The photos speak for themselves but it is easy to see how these spaces also rented quickly to two different fashion companies to be used as their design and operations center. Each floor is approx 6300SF and we had an architect and licensed contractor take the necessary means to sub-divide the space into two units. After the hallways and entrance area was added each space came out to be a net square foot of around 2700SF each. These spaces got so much attention, that they rented for $3200 and $3400 each, not including utilities or CAM charges. The second floor is a different story. It's also 6300 gross square feet but a totally different style. If only we could go back in time and tell the insurance company to make it the same style as the third floor!! The second floor is more traditional office style with white walls and standard ceiling heights. In an effort to give the space some flavor we had some graffiti artists come in and add a creative touch to the walls, as you can see here in the photos. We're also subdividing the second floor into two different spaces, in the exact same layout as the third floor. All the units, by the way, will have their own private bathroom along with central heating and air conditioning.

Came across this awesome building driving around aimlessly looking for industrial space. And boy, is this industrial. Awesome ceiling height... can you say "16 FOOT CEILINGS?" Yes, 16 foot ceilings. Cement flooring. This jewel, like many spaces of the same type, has the windows painted over. Yes, it gets warm in the summers, but cut out the natural light? Please. Nevertheless, behold, cement style industrial space. Get this, this space is on the ground floor, yes GROUND FLOOR! It's rare to find industrial space like this with 24 hour access, ground floor, and with this ceiling height. You find something like this, rent it. Actually, just rent this one. Space has metal roll-up doors which make one capable of driving a car inside. Excited to bring this building to you and even more excited to get this new addition to the DTLA Real Estate family. Like always, minimal one year lease. All the utilities are included. I'll be sure to let you know as soon as new space comes available here. I look forward to experiencing more space in the glorious city of Vernon, and if you're with me, you will too. Until next time!

This space's location is one of the most popular for young people in their 20's and 30's in all of Downtown LA. Could be used as RETAIL for any kind of store or company, provided you get the proper licenses and permits. Could be used as CREATIVE OFFICE too. FOUR STORY BUILDING. Ground floor space available, which is the left half of the GROUND FLOOR. HIGH CEILINGS... I'd estimate 18 feet. PARKING LOT NEXT DOOR where you can pay monthly membership. Space is pretty RAW right now and hasn't changed since the last tenant moved out. Per negotiation, LANDLORD MAY BE WILLING TO DO TENANT IMPROVEMENTS. Previous tenant was a loan and check-cashing place. It currently has at the entrance a room behind bullet proof glass. Would be ideal for any company wanting a good location for walk-by retail because it's very close to lots of residential lofts. The area is a prime location in DTLA. There is also a large mezzanine space which can be used for offices or storage. Space would be a great location for a restaurant or bar. Space has 24 HOUR ACCESS. The space has private men and women's separate restrooms. 3500SF includes MEZZANINE SPACE!! Minimal one year lease. Fill out the form to the left or call/text (213) 304-4727 for touring information!