Commercial Real Estate for Lease

Michael J. Connell was born in Ireland in 1854. He immigrated to the USA as a young man and became successful in several different ventures. At the turn of the twentieth century, he moved to Los Angeles and built the first garment and textile manufacturing buildings, effectively starting the Fashion District. Connell build his first garment and textile buildings in 1911. He continued to build throughout the decade and in 1916 he hired architect Frank Stiff to design several properties, including the building that is now Cornell Lofts. In 1958, the building was upgraded. In 2001, because of their rich history, the Cornell Lofts building along with its neighbors the Eckardt building and the Santee Court building were designated Los Angeles historic monuments. At some point in the mid twentieth century, the Cornell building and its neighbors were bought by businessman Arthur Gerry. He in turn sold the buildings to MJW Investments in 1998. MJW had also acquired four other buildings in the area and all the buildings were converted to lofts. The first lofts began selling in 2004. In 2008, MJW defaulted on a construction loan and the Cornell, Eckhardt and Santee Court buildings ended up in the hands of the Bank of America. In 2010, the investment team of Kennedy Wilson and RECP/Urban Partners bought the unsold units, finished the work that needed to be done, and put the units back on market. If you would like to find out more about these amazing lofts please contact DLTA Real Estate.com!

We at DTLARealEstate.com are always trying to pair great potential tenants with property owners. What developments do you want in your neighborhood? On a regular basis we reach out to businesses both large and small to recruit them into space in Downtown Los Angeles. What we would like do now is hear from you to see which businesses you would like us to contact. We will be posting this blog entry on several DTLA groups and forums and we encourage you in the comments to tell us what you would like to see in Downtown and where. However we do ask that you give suggestion other than Trader Joe's and In n Out. We know you want those and we've already been in contact! Please comment below and help us shape your downtown. What developments do you want in your neighborhood? What developments do you want in your neighborhood? OUR COMMERCIAL LEASE LISTINGS OUR COMMERCIAL SALES LISTINGS We at DTLARealEstate.com are always trying to pair great potential tenants with property owners. On a regular basis we reach out to businesses both large and small to recruit them into space in Downtown Los Angeles. What we would like do now is hear from you to see which businesses you would like us to contact. We will be posting this blog entry on several DTLA groups and forums and we encourage you in the comments to tell us what you would like to see in Downtown and where. However we do ask that you give suggestion other than Trader Joe's and In n Out. We know you want those and we've already been in contact! Please comment below and help us shape your downtown. What developments do you want in your neighborhood? What developments do you want in your neighborhood?

 How to start a restaurant in Los Angeles We get calls everyday from people who would love to break into the Downtown Los Angeles restaurant market.Many people think you can go out and find a space, put in your equipment and furniture, have the health department sign off, and then start making money. If only it were that simple. Unless you are assuming an existing business and changing nothing you will generally have to go through a change of use through building and safety. You have to have your restaurant fully designed and planned and wait for their review before you get to start renovating. Most full service restaurants need to serve alcohol to hit their profit margins which involves a conditional use permit. Both of these are long and complicated processes which involve going in front of local area councils, LAPD, and the department of building and safety. It's no easy feat. You have to be prepared to pay rent on a space for anywhere from 10 to 12 months before you open your doors. We at dtlarealestate.com understand that for many individual owners this is not possible. As we don't believe that the only people in hospitality in downtown should be large corporate entities or millionaire owners, we like to assist potential owners in negotiating the best deal to mitigate these challenges. We can help negotiate periods of free rent or tenant improvements by the property owners to assist you. We also have close relationships with permitting experts that specialize in downtown. We even have a member of our staff who has a decade of experience in the hospitality field. There is no better brokerage in downtown to help you opening a restaurant in Los Angeles!  Especially leasing a restaurant in Downtown LA! ,How to start a restaurant in Los Angeles How to start a restaurant in Los Angeles OUR COMMERCIAL LEASE LISTINGS OUR COMMERCIAL SALES LISTINGS

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

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

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

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

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!

The photos speak for themselves! You have to see the "before" photos! Here's the link.... https://www.realestatela.com/blog/7th-main-st-ground-floor-retail-w-awesome-ppsf/ Crazy huh!? Well now that this space looks amazingly better it also costs a little more too, but it's still under market value! The area is $2psf but this space, with the mezzanine is approx 4089sf and the rock bottom rent rate the owner will let it go for is $5700 monthly! That would include everything but electricity. Space has three half bathrooms, two ground floor and one in the mezzanine. Big open space with extremely unique feel with the mezzanine wrapping around the space and looking down into it. Up and coming area on B location of Main Street. Get it while it lasts! For more commercial buildings for lease in Downtown Los Angeles contact us at (213) 304-4727 now! Our real estate broker is standing by!

We are your #1 resource for cheap office space in DTLA! Why? Well because most commercial real estate brokerages do not cater to the types of clients wanting small office spaces. Why? Because they only want clients that want large office spaces that sign long leases because it pays them more! That's one of the reasons that makes us special. Many of our clients are start-up companies. Also, I have heard from people who I have toured many times, small business owners, that say, "I've been working out of my home for so long but my operation has grown so much that it's taking over my living space, and I need to separate them!" That's a good thing! Many small office spaces in Downtown LA are not listed on the market because brokers don't want to spend the time servicing them. They take the same amount of work as large office spaces for only a fraction of the money. That's okay with us here at DTLA Real Estate because we count on your business growing and having you come back to us when you're looking to expand your work space and move up to bigger and better things! Give us a call if you're looking to rent commercial real estate in Downtown! (213) 304-4727 www.dtlarealestate.com Lic#01753250

You've often heard "don't pay broker fees" as a gimmick that companies advertise to make you think you'll get a better deal by working with them directly. Well, there's a reason why they don't want you to use a broker, and often times it is to take advantage of you. You should have an experienced broker for office space, retail space, and any sort of commercial real estate transaction. It's especially important if you are looking to buy or sell real estate. Here's why 1. An experienced broker will know more about the market than you do Some people think they can gauge the real estate market just by going out and looking at four or five similar types of vacant spaces and get a good idea what the particular market is doing. That's only partly true, because there's a bigger picture. Appraisers are taught to estimate the value of a property by comparing similar properties. For buying, they compare recent sales, and for leasing they compare the terms and rates of what's currently vacant and for lease. In both of these cases, the information being used is not holistic and inclusive of all the possible information out there. For instance, what the trends of the moment are, and what very recent activities have taken place. If you were vacillating about whether to rent creative industrial work space at the moment or within six months less than a year ago; were aware that three major sewing manufacturing properties in Downtown were going to be converted into residential; that all their sewing tenants would be kicked out; and that those tenants would absorb most if not all the vacant industrial space for rent, you would have been wise to lock in a longer lease at a lower rate that time, than waiting another six months. If you weren't aware that these buildings were being converted, you would have used the current vacancy information to appraise the value of industrial space for lease without knowing that a lot less industrial space would be available in six months and that the rates would be going up or at least staying the same. In fact, you might have even have been pessimistic about the future rates of industrial space and signed only a one year lease. So as you can see, this is only one example of how using a comparative market analysis based on the current and past inventory, could cause you to make a poor real estate investment decision; one that an experienced broker would be far less likely to make. Basically, knowing the value of something includes knowing the most. Since an experienced broker will be aware of more factors and more current information and trends (because such information is only gathered over a long period of time), it is best to be using that broker for your real estate needs. 2. Brokers have needed experience in complex transaction situations Self explanatory. Brokers know the process of leasing and buying, what is normal, what you should look out for, how to prevent bad things from happening, and so on. 3. Brokers will likely find you space you cannot find on your own It would seem that with technology the way it is today that so much information is available online at the finger tips of buyers and sellers that a broker would be unnecessary. Not true, here's why: most of the time, brokers know of or are capable of knowing a lot more real estate opportunities than what is online. More than that, what they know that isn't online, is often times a better deal. They have expensive memberships to data-bases that you don't have at your disposal. Also, many times, really good spaces in really good locations (which is especially true for retail space) never go online at all. Brokers have relationships with a network of owners and often times these owners tell brokers about it. In fact, an owner might give a broker the listing and that broker might not even want to put it online. This is called a pocket listing. A broker first exhausts his personal network of clients (buyers and renters) before he lists it online. Why? Because brokers can make more money that way: in fact, he or she would typically make twice as much money by not putting it online, because he or she won't have to share the commission with the tenant or buyer's broker. That should be a powerful reason for you to invest yourself in the services of a broker. In other words, often times, what is put online is the stuff left over that brokers weren't able to lease or sell on their own. Why weren't they able to lease or sell them? In other words, what is wrong with the space now that it's put online? That's a powerfully good question. You can see now that the prime commercial real estate spaces typically aren't put online, and when they go online and they're a good deal the get bought or rented quickly. And you might not be aware that the space is a good deal and vacillate on it for a while, and it gets rented or bought out from under you. That is a bad experience you wouldn't want to have, and you can prevent it by working with brokers. 4. Brokers can be an important figure in your networking strategy for your business If your business benefits from networking with other business owners, the person that finds business owners a space to operate their business is a good person for you to know. He or she can give you referrals for your business, or possibly refer you to a trusted associates that can benefit you. 5. Brokers can prevent you from making mistakes See 1, 2, 3, 4, 6, and 7. 6. Typically, brokers can negotiate more creatively Possible concessions are not always obvious, in the mind of the lessee/buyer or the lessor/seller. A broker is there to facilitate the transaction between these groups in a way that will satisfy both parties. Each party to a transaction is invested in a deal in a different way, and therefore they do not always see potential mutual benefits. Who would be a better person to help you find common ground, than a person who does it every day for a living? 7. Brokers are invested in your happiness and success As a renter, brokers want your business to succeed because it makes them look bad to the owner if you fail. When you are not able to pay your rent or fulfill your lease obligations the owner or manager of the building associates that negatively with the broker who brought you to the building. What does that mean? If you fail it harms the relationship between the broker and the owner. So, literally, the broker's business is hurt if you do not succeed. As a renter or a buyer, commercial real estate brokers want your business to succeed as well; not only that, they want you to have, at the very minimum, a reasonable deal. They know that you will tell everyone you know about your experience and what kind of deal you got. In other words, if they give you a bad deal they know you are going to talk badly about them to everyone you know. A professional real estate consultant is there to make a reputation for himself, long term. He or she has a lot to lose by your business failing or you not being happy with your deal. CONCLUSION: You should have a commercial real estate broker. It is like having an insurance policy. It's not required but it's smart. As always, if you need help renting office space or retail space in Downtown Los Angeles give us a call (213) 304-4727!

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

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

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

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

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

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

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!

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