Commercial Real Estate for Lease

Property Management in DTLA. Have you ever met a Downtown Los Angeles commercial real estate property owner? It might be a little like spotting a unicorn. The truth is, most Downtown LA real estate is owned by international investors. So what does this mean for those of us who live, work and play in DTLA? It means that some of the gentrification efforts are slowed down due to out-of-touch property owners. Have you ever noticed a great building hidden under an old paint job, in need of some light maintenance, and wondered why this great building has been left unkempt in a rapidly gentrifying area? The answer is property management. With owners being remotely located, the property manager is left responsible for the property management and property maintenance, but not all managers know what’s best for the property and the investment. In fact, managers are often reluctant to ask owners for the funds necessary to update old properties. Ironically, in an attempt to save a few thousand dollars, they end up costing their property owners tens of thousands of dollars! In my experience, some managers are too shortsighted. Take the Fashion District for example. Downtown LA’s Fashion District has become a destination spot for retail shoppers all over the city.  However, most typical retailers prefer more traditional retail locations in other areas of Downtown that are less about wholesale: for instance, the Arts District, South Park, or Bunker Hill.  To lease your commercial space for top-dollar, you need to have the right management company in place, assuring that the value is there for both tenants and property owners. Wholesale District property management and Toy District property management is a great example of this point. Buildings in these districts are being managed the same way they were decades ago, while at the same time trying desperately to lease for top-dollar. The buildings that have signed on with property management firms and who have made reasonable upgrades to their properties have seen the returns on their investment and have added to the gentrification efforts; beautifying the neighborhood, increasing foot-traffic, and attracting top-tier tenants who are willing to pay more for the added value. The lesson here is to outsource your Fashion District, Toy District, or Wholesale district property management to professionals, like those at dtlarealestate.com. Donegan McCuaig knows property management and he knows what it takes to keep your building looking great and attracting the best tenants at the most competitive price. For questions about Downtown Los Angeles property management, or any other real estate opportunity, contact Donegan McCuaig at the number above. Property Management in DTLA. Property Management in DTLA.

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