Commercial Real Estate for Lease

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!

Office space for rent in the South Bay! Excited about this new listing!  I've been waiting on this one for a while! Welcome to the South Bay Square Building! This is an EXCELLENT creative office building with NEW RENOVATIONS in a nice area of the South Bay! The building exterior was recently painted and the interior hallways & lobby were recently upgraded! This building is positioned in a great location on the corner of Hawthorne Blvd and 154th St, within 4 miles of LAX. The location also features convenient access to the 405, 105, 91, & 110 freeways. The building has 24/7 ACCESS. The units can be leased as-is, or per negotiation, the landlord can improve them to meet your needs like NEW PAINT, NEW FLOORING, & NEW LIGHTING FIXTURES! Lots of units have already been renovated! All the units have GREAT NATURAL LIGHT. Additionally, there is secured underground ON-SITE PARKING! Last but not least, ALL UTILITIES ARE INCLUDED, provided there's no inordinate use.  Ideal for creative companies or traditional office type users like lawyers, accountants, and any industry looking for office use.  One thing that building cannot accommodate is medical office space. Get these Lawndale office spaces for rent before they're gone! Ask us the advantages of signing a five-year lease! On all our listings MINIMAL ONE YEAR LEASE ARE ACCEPTED ONLY, and owner may require a longer than one-year lease for this listing. Showings by APPOINTMENT ONLY. We are a real estate brokerage, if this space doesn’t meet your needs we may have or know about something else that does. Please submit your information on the Quick Contact Form or call/text us at 213-304-4727 now! And don’t forget to follow us on social media @QuixoticRealty, thank you!

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!

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

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.

Check out this new office space for lease in Downtown LA's South Park District, right on the border of the Fashion District on the corner of Hill Street and Pico Boulevard. This space is clean, nice, and importantly, affordable! Building has central HVAC along with your own private entrance and 24 hour access! Space is only $1 per square foot and is minutes away from central Downtown LA with all the amenities one could want. This area is at the intersection of development and like most of Downtown is slowly, or quickly depending on relativity ;p, changing with improvements. The space has a large reception area, an office space which could easily be a conference room, another small office, and a big open area that the previous tenant used for warehouse space. Space also has it's own entrance from the street. Stair access, no elevator. Interestingly, this intersection on Hill Street and Pico Boulevard has an aggregation of watch/clock shops. Anyway, where else are you going to find $1psf with central a/c and 24 hour access in Downtown Los Angeles other than with dtlarealestate.com! Thanks for reading and if you know someone looking for space have them give us a call!

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!

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.

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

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!

The facade on this building is finally done! I need to get photos, and I will. Wanted to do another posting about this building because of all the great space that it has available at such a low price per square foot. Executive suite style office spaces varying in sizes available here at 643 South Olive Street in the Jewelry District on the border of the Historic Core and Bunker Hill. I have one as small as 158sf up to 2195sf. The space shown in the photos are of unit 747 and it's 968sf. This space has it's own sink and it is two large rooms with tons of natural light. The units are now listed at $1.65 per square foot, but I'm certain we could work out something better than that! The CAM fees and utilities are not included but don't let that scare you. The management is also willing to do tenant improvements to customize the space to fit your specific needs. This space however, is pretty much ready to go! The building has 24 hour access along with central heat/ac. The common areas have recently received an upgrade with the entrance to the elevators at every floor renovated along with the bathrooms on every floor as well. For more info on what's available in this building call me, Donegan McCuaig, at (213) 304-4727 or submit your info to the form on our web-site to www.dtlarealestate.com Thanks for reading my Downtown LA commercial real estate blog! 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

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

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

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

Office Space for Lease/Rent at the US Bank Tower Call it what you will; class-a office, luxury office, executive office, or high-end office; it's all the same. The US Bank Tower, one of the most strikingly recognizable pieces of architecture in Los Angeles, and quite possibly, the world, was recently purchased by a Singaporean company for 367.5 million dollars (according to the LA Times). It was previously owned by MPG Office Trust, a big player in commercial office space in Downtown Los Angeles, which also owns other sky-scrapers located in the Bunker Hill area. The building is seventy-three floors, according to Wikipedia, two of which are underground. The building's construction was completed in 1989, also according to Wikipedia. There are a lot of factors which make the US Bank Tower a unique building to rent/lease office space in. First and foremost, as mentioned before, its' fame and icon-stature juxtaposes a prestige and impressiveness to any company renting space inside it. Secondly, it's cornered geometrical circular shape (see floor plan of US Bank Tower below) set it apart from other Downtown LA office buildings. It's a pro and a con actually, because it affords a special character to the spaces inside but also can make it less practical for positioning office furniture and working stations. Third, to the world, the building is representative of the United States as a fixture of liberty and power, making it to what some would call a "target" for enemies of the United States. Personally, I think the third is a silly thing to worry or even think about. The building is so extremely well secured that someone would be foolish to even think about someone even considering making it a target. It's even ridiculous to talk about. Anyway, next subject. The building has an amazing lobby that features tons of glass that allows it to be flooded with natural light. The lobby has rotating glass doors and a extremely beautiful mural of the historical figure from which Los Angeles originally derived its' name. The space for lease that is available is on the 26th and 28th floors. There is a reception area on each floor with a receptionist, small/medium/large conference rooms, a lunch/break area, a common filing cabinet storage area, and offices on the interior and offices on the exterior which of course, have windows and epic views of Downtown Los Angeles. For this deal, all utilities are included along with janitorial services as well. The building has subterranean parking, for an additional daily or monthly fee, along with lots nearby that offer more affordable parking rates. The building has 24 hour access, along with 24 hour security and video surveillance. If you want to make a statement, the US Bank Tower should be your choice if you're looking to rent class-a office space in Downtown Los Angeles. For more information about leasing/renting the US Bank Tower and other commercial real estate information in Downtown LA, call DTLA Real Estate at (213) 304-4727 now!

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

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.

Quite possibly one of the most impressive architectural designs in all of Downtown, this building boasts a powerful impression that is difficult to describe. See this space to believe! Gorgeous lobby with SOARING CEILINGS. There is 24 HOUR SECURITY GUARD along with VIDEO SURVEILLANCE in some common areas. All utilities are included in your rent so you don't pay electricity, water, sewage, or trash. This building has 24 HOUR ACCESS for those long nights when you need to pound out an important project. ASK ABOUT MOVE-IN SPECIALS. This space is on the 36TH FLOOR and offers STUNNING VIEWS. There is a CONFERENCE ROOM where you can meet and interact with your clients and associates. Along with LUNCH/BREAK area complete with coffee and other beverages. Included in your rent, is a RECEPTIONIST to professionally field your incoming calls. So much more here that seeing in person is incomparable! There is SUBTERRANEAN PARKING which you can park at for a monthly fee along with other lots close by. For additional leasing rental information about the Paul Hastings Building in Downtown Los Angeles, 515 S. Flower, visit www.dtlarealestate.com Showings by APPOINTMENT ONLY. Call Donegan at (213) 304-4727 now! Leasing Information for Paul Hastings Building All DTLA Condos For Sale DTLA Live/Work Lofts for Sale  

Awesome executive office space in DTLA's first sky-scraper, and quite possibly still the best. This building has HIGH END PROFESSIONAL SPACE available. Tons of common area available to you in your rent rate! GORGEOUS LOBBY with 24 HR ON-SITE SECURITY GUARD along with 24 HOUR VIDEO SURVEILLANCE in some common areas. Impress your associates and clients with this space. STUNNING CITY VIEW from the 27TH FLOOR. Floor office all the services you will come to expect, and redefine the standard of office work. ALL UTILITIES INCLUDED so you don't pay electricity, water, sewage, or trash. RECEPTIONIST is here for you and included in your rent rate to professionally field your incoming calls. There is a CONFERENCE ROOM where you, your clients, and associates can meet. LUNCH/BREAK area included along with beverage services (for additional charge). Building has 24 HOUR ACCESS. So much more! There is SUBTERRANEAN PARKING available for a monthly fee, along with VALET PARKING for an additional fee. Showings by APPOINTMENT ONLY. If you're looking to rent executive office space in Downtown LA you have come to the right place. It's just a phone call away. Call Donegan at (213) 304-4727 now! Visit www.dtlarealestate.com Office Space for Rent/Lease at the Union Bank Building Office Space for Rent/Lease at the Union Bank Building All DTLA Condos For Sale DTLA Live/Work Lofts for Sale

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!

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!