Commercial Real Estate for Lease

Really excited about this new restaurant lease listing in Chinatown. I've been trying to get this listing for 2-3 years now for the office space upstairs! All of the sudden I get a text out of the blue that pretty much says "Hey we'd like to you to lease the building for us now." Wow... after all that time! Needless to say I'm grateful. So apparently the restaurant tenant recently retired and left this awesome gem, well a diamond in the rough you might say since it needs a remodel. Fortunately, this space has existing restaurant permits (which is huge for Downtown LA! It's in such high demand, space like this for restaurants with permits. Otherwise, if you were to start from scratch, you'd be looking at at least $200k and 9 months time for building out vent, hood, and getting all the inspections, and so on and so forth. There's more photos on our home page but basically this space is very reasonably listed at $5500 monthly and it's approx 1700sf. There's up to 10 parking spaces available. Give us a call for details and touring information. It's appointment only. Also, we still offer commercial property management in Los Angeles!

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

Vintage Clothing is something that has become synonymous with up and coming trendy neighborhoods. When I worked in the East Village of New York City in 2004 there were at least two or three on every block. However not all vintage stores are created equal. While some offer timeless throwbacks to past decades others are little more than a garage sale. Today Racked LA listed the top 24 vintage stores in Los Angeles and House of Vintage placed number 6 and the highest in Downtown Los Angeles. Owner Felicity Rathbone has cultivated a collection including names like DVF, Oscar De La Renta, and Versace that spans the 1920's to the 1990's. Her success has caused her to outgrow her current location so there is now an opportunity to take over the existing location as House of Vintage relocates. The location is being marketed for sale by Ms. Rathbone including all existing furniture and fixtures. The name and inventory are not included but it offers a chance for a turnkey ready to open operation in Downtown's Historic Core. If you would like more information please visit 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.

Commercial real estate in Koreatown Los Angeles is an interesting thing because Koreatown is so vibrant and diverse with historic buildings and brand new buildings and little bars, restaurants, and cafe gems that are hiding in every nook and cranny of the city. This building is no exception. Haddon Hall, built in 1926, is an apartment building with retail space now available. This building has a beautiful raw brick facade, and unfortunately the previous owners covered up some of the unique architectural details of the retail. Fortunately, the new owners of this building are moving forward with improvements to bring back the architectural historic design integrity, first of which includes exposing the covered up archway windows. This however, will make coming up with a way for business owners to have visible signage a challenge that will require some creativity, but we here at dtlarealestate.com aren't one to back down from a challenge! In any case, these spaces will not be hard to lease since there are not many small retail spaces for lease available listed at such reasonable prices per square foot. This area is slowly gentrifying, just like Downtown Los Angeles. These retail availabilities are a prime opportunity for a young business to get started and develop into a brand with multiple locations. If you have a retail business with a hip concept that caters to the growing gentrified population of Koreatown, we here at dtlarealestate.com will be happy to schedule a showing with you. For this and more commercial real estate for lease in Koreatown LA give us a call!

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

Excellent restaurant space for lease in Little Tokyo! Also have plenty of retail space for lease in DTLA including in the Historic Core, Fashion District, Chinatown, South Park District, and Bunker Hill. This particular space already has the permits ready to go for a restaurant! That's a big deal in Los Angeles, because applying for change of use permits is a nightmare! This space would be excellent for a restaurateur to bring her concept to life in a blossoming shopping center in Downtown Los Angeles. More to come!

This building is just a hair south of the 110fwy in Downtown Los Angeles! It's actually technically in Pico Union right at the border of central Downtown LA, since the freeway is pretty much the border line! This small retail listing just came available! It's not often you see small spaces like this in a retail center with such a good anchor tenant, which in this case is Subway Sandwiches! The space has faux wood flooring, a private bathroom, and a private office. There is a small parking lot that is first come first serve. There is a wall unit air-conditioner and the walls are freshly painted. There's also a large window along with the windowed door, which are great for decal text for your business. Last but not least, there is a strip center common sign with a slot with your name on it right under the Subway logo! The space is clean and ready to go! For more retail listings for lease in Downtown Los Angeles visit the link tabs above! And of course you're welcome to call (213) 304-4727 anytime! Thank you

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!

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

Are you looking for medical office space for rent in Downtown LA? We are happy to assist you with finding a doctor's office for lease, psychiatric office, chiropractic, and any business related to the medical field that would be appropriately related to any hospital activity. Also, dentist's office or dental offices is something we could potentially help you with as well. Visit our contact page above or just call (213) 304-4727 now. If we do not answer leave a message with your monthly rental budget, what kind of medical business you have, if you have a particular medical office building you'd like more information on, and when you are looking to move.

And here's another retail space on Main Street! The building is currently fully occupied but owners are looking to replace the tenants with more hip establishments that will bring up the community and spread the flow of positive hipster energy onto Main Street. As a commercial real estate broker in Downtown LA for years it's fascinating to see the growth and change, and that's so normal to say that it's starting to sound cliche. Nevertheless, the building is located on Main Street near 7th Street and is part of the Corporation Building (creative office space) at 724 S Spring St. The building will be getting a facade renovation including removing the metal roll-up doors and installing nice canopies along with new windowed frontage. Spaces are about 700sf, 900sf, and 1200sf and current occupants can leave within 30 days. These spaces are small but can be combined to make on big space as well! It would be great to get a cafe with some decent seating and not $4 coffee, which is so desperately needed in the area.

I don't know what it is about Main Street... it's the sister street to Broadway but it doesn't get nearly as much "bullish hype" than Broadway does. Which is great for our commercial real estate brokerage because we seem to be killing it on Main Street. There's plenty of retail available on Main Street and it differs from Broadway in one big way- it's closer to Skid Row. My response to that is, who cares? Main Street has huge potential and actually doesn't look as worn down as Broadway. In any case, there's a lot of small retail space for rent on Main in the Fashion District. It's a challenge how e-commerce is affecting the Garment District Showrooms because the result is more vacant space. On the flip-side South Park and the Historic Core are burgeoning and retailers are reluctant to tread far from Spring Street. But alas, eventually there will be more and more of those pioneer retailers like Wendell's, the bar that just moved in on Main Street between 6th and 7th, that will pave the way for the covered wagons to follow. Certain entrepreneurs are taking advantage of low rent rates and are confident in their branding and marketing to make people come to them, and DTLA is lucky for that. Anyway this retail space here is available! It's about $1750 monthly rent rate and 950 square feet. Nice flooring, central a/c, and private bathroom. Call (213) 304-4727 for this and more retail space for lease in Downtown Los Angeles! [caption id="attachment_518" align="aligncenter" width="600"] Retail and showroom space for lease in Downtown LA's Fashion District.[/caption] 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

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

Expect to get updates about this building! Awesome location on the southern corner of the intersection at Spring Street and 2nd Street. Basically, this building borders Little Tokyo, Historic Core, Civic Center, and Bunker Hill in Downtown LA. This building certainly has an interesting history. It was actually built in 1896 and was originally four stories. As you can see, it's only one story now. At the time when the government was requiring buildings to be seismically reinforced, some owners opted just to get rid of their upper floors and just keep the ground level. I know, crazy, huh? This building looks like only one building but it's actually two buildings made to look like one. And the spaces this building has, particularly the one currently being used as an antique shop, are quite impressive. The space features soaring ceilings that can be brought down to the original wood and brick. The antique shop has two immense sky-lights that flood the space with natural light. Other tenants in the building are Southland Credit Union (which is basically a bank), a publishing company, and a cafe. As it lays out now, there is a small retail space on the 2nd street side, but behind that space is a large area being leased by the bank that they do not use. So the plan would be to lease the retail space and open it up to the back of the space currently being used by the bank, and sub-divide it into one big space approximately 3450 square feet. Sounds a bit complicated, doesn't it? So aside from the antique shop, which is on the Spring Street side of the building, and the retail space I mentioned being partly used by the bank, there is indeed another vacant space. This space features the traditional office style and also has really high ceilings. There is commercial carpeting as well. I believe it was actually a real estate office previously. So, ironically, the spaces with the most "improvements" (one that looks like a bank and one that looks like an office space) will probably be the most difficult to rent. But this is one thing I love about commercial real estate in Downtown Los Angeles. Makes my job interesting and gives me the opportunity to be creative and think outside the box. I can help a business be successful at a new location and I can help make the owner's investment property produce a greater return. In the end, everyone benefits. For more commercial real estate in Downtown LA and to rent creative office space, ground floor retail, or warehouse space call me, Donegan McCuaig, at (213) 304-4727!

Check out this ground floor retail space in the Corporation Building! This entire building was sewing related but the building was recently sold and the new developer kicked all the sewing tenants out to make way for creative companies and retailing serving Downtown LA's growing residential population. So behold, a bare blank retail space with tons of creative office space upstairs in this 13 story edifice! Located on the border of the Fashion/Garment District and the Historic Core, this ground floor retail space would be a great location for a restaurant, bar, cafe, or store in Downtown Los Angeles. Located on Spring Street (arguably the best street in Downtown LA, at the very least the best in the Historic Core), this building is between 7th Street and 8th Street. Rumor has it that a fancy French restaurant is going in next door and across the street there will probably be a Walgreens/CVS/Rite Aid type of store. This space is around 5000sf and the owner is asking $3 per square foot. Space features soaring ceilings and excellent wide open, flowing space. For more commercial real estate for lease/rent or to see this space call Donegan McCuaig at (213) 304-4727 with DTLA Real Estate www.dtlarealestate.com Lic#01753250

DTLA Real Estate offers commercial real estate services to lessors, lessees, buyers, and sellers. We are a unique real estate firm in Downtown LA because we specialize in servicing creative clientele. We know that no client is the same, but everyone would prefer an inspirational work space. We try to see your goal and make that our goal. Of course, your goals need to be realistic, and we help you with that too by virtue of informing you about the current market. We are happy to give free information out to anyone who calls us. We strive to find a win-win in every agreement we make. Building and keeping long term business relationships is extremely important to us, so you can be confident what we say to you is not anything to make a quick buck. We know that you will eventually need commercial real estate services again, and we want you to think of us when you do. If you're looking for a commercial real estate broker/agent in Downtown Los Angeles, you have come to the right place. We service all of Downtown including the Historic Core/Old Bank District/Jewelry District, Fashion District, Toy District, Bunker Hill, Civic Center, Arts District, and South Park. If you would like help making an intelligent decision when it comes to renting/leasing or buying/selling a space you can come to us. Thanks for reading our blog. Call us at (213) 304-4727 now! Lic#01753250

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

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!