California Office Space

623 S Olive St Unit 203 (Floor 2)
Downtown Los Angeles, Los Angeles, CA
Description RETAIL w/ huge potential! IDEAL FOR BAR/RESTAURANT but would be great for any retail use! A+ LOCATION! Fixer Upper! Lots of work needed! MOTIVATED OWNER! HIGH CEILINGS! Flr is the orig wood in some areas. THIS PPSF IS DIRT CHEAP for this location!! Blocks away asking $4-$6PSF!! Owner willing to give FREE RENT during permit process, per negotiation. Can expose raw brick/metal beems! The space has two offices/storage rooms along with a men's and women's restroom. Space shares the ground floor with a cafe, liquor store, and there is an Italian Bistro Restaurant in the back!! OFFICES: Spaces now available! Central HVAC! 24/7 Access! Raw brick walls, new flooring, and recess lighting! Security guard during normal biz hours! Ask advantages of signing 5-year lease! All our listings, min 1 year leases but owner may require longer than 1 year. Showings by APPOINTMENT ONLY. I'm a real estate broker, if this space doesn't meet your needs I may have/know something else that does. Go to my site & submit your info or call now! Thank you! Facebook/Twitter: @dtla4ever Instagram/Snap/Youtube: @dtlarealestate DISCLOSURES: The information contained herein is deemed reliable but was obtained from 3rd parties and has not been independently verified by dtlarealestate.com 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. All square feet listed on marketing materials are the net (usable) square feet which we include a standard 20% load factor to calculate the gross (rentable) square feet. We list everything with a 20% load factor regardless if there is common area or not. Square feet are approximate and are not guaranteed, leases assume you measure the sqft before leasing and approve of the calculation for multiple reasons. Rent rate and terms on all of dtlarealestate.com'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. Lic#01753250

California

Office Space Market Report

Number of Listings (last 90 days)
9,975
As of: April 23, 2017

California Rates

Most listings are in the $0's per square foot per year. The California submarket is seeing a decline in rates. In the last 3 months, the median rate fell $32 per sqft per year. That's a 100% decline in rent.

California Listing Supply

In the last 90 days, 9975 listings have been listed, so you'll want to check back regularly for new listings. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around  sqft. Most properties in this market are around 2 stories. Most buildings in this area were built in 1959 and are Class B.

California Community

Market Report

Trends and status of the commercial real estate market in California.
Market Report

Market Data

Real time and historical data on commercial real estate listings in California.
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