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Is it a good time to get into a long term lease?
For Sale /M SF /SFLease Type :Why here? Why now? Those are good questions. The answer is, the deal is good now and it will get worse the longer you wait. Everyone is bullish about Downtown LA's economy, aren't you as well? What does that mean for rent rates and property values? Exactly. I don't need to answer that because you know. As a broker of commercial real estate in Downtown LA I've had a lot of experience. I started when the market was probably at it's worse in 2009, an opportune time to be buying up REO's, foreclosures, and short-sales. Alas, we all wish we would have acted then because we all have seen the prices sky-rocket since then, but at the very least we can act now. Do you have a retail business? Perhaps you need an office space that is not only functional, but says something about you as a business. If you found a good space for either of those, do you think it would be good to wait longer? Perhaps see if the market gets better? Perhaps, you want a short term lease so your rent can be raised to unknown heights at its expiration, exactly not! Give DTLA Real Estate a call. Let's talk. What are your goals for the future and how can we execute a real estate strategy to get you to achieve your desired business results. That's something I love to talk about. Do you think I'm too optimistic? I'm waiting your thoughts now at (213) 304-4727 All DTLA Condos For Sale DTLA Live/Work Lofts for Sale
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Vacant Retail Space Available Next to King Eddy Saloon
For Sale /M SF /SFLease Type :It's not everyday that a vacant space opens up next to a space that is a Downtown LA icon. Well in this case, today is the day. Right next to King Eddy Saloon, a 1000sf retail space has become available and is in the process of renovation. This space use to be a discount store of various nick nacks similar to the ones that are known to exist in the Toy District, which this space borders, close to the edge of the Historic Core. The previous store had a mezzanine which has been taken down to reveal soaring ceilings... I'd estimate they are 14 feet high! Not only that but this space still has the original mosaic tile flooring from what appears to be when the building was originally constructed. The mosaic tile flooring is just one feature that makes this space feel like you've walked into back in time. The second feature that creates this feeling is this strange stair case that opens up to a... well I suppose it's like the world's tiniest stage.... or shelf I should say. The railing for it is what makes it look so old. You can tell that it is an antique stair case. So enough of that! How much is the monthly rent rate?! Only $1800 monthly! It's a rare opportunity to come up on a space like this, with ceilings this high, flooring this cool, and next to a Downtown Los Angeles icon. This is why, as a broker, I love working in commercial real estate in Downtown LA. There's so many unique opportunities that reveal a glimpse into history. For more retail and ground floor space for rent/lease, visit our brokerage firm's web-site, on the links above. And of course you can get landlord representation or tenant representation with our company by calling (213) 304-4727 now! Lic#01753250
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The Medallion Building – Hidden Ground Floor Retail & Creative Office Space in Downtown LA
For Sale /M SF /SFLease Type :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!