Central LA Retail

530 S Spring St Space
Downtown Los Angeles, Los Angeles, CA
# 70 Feet of Frontage on Spring Street in DTLA Broadway Palace boasts coveted retail space street frontage, which provides excellent visibility in a high density foot traffic area and vibrant pedestrian shopping corridor. Further, as employment gains strengthen, the conversion of historic buildings to creative office space will continue to bring smaller, non-traditional tenants Downtown. The property is located in one of Downtown LA’s most dynamic areas. Situated in the Broadway Theater District, Broadway Palace is directly across from the trendy Ace Hotel and near hip amenities including Acne Studios, Unami Burger, and Alma. The site is also within close proximity to many historic theaters and nightlife options, including the United Artist theater and Broadway Bar. These factors strategically position Broadway Palace to attract business from residents, employees, shoppers, and event goers alike. Its desirable location within a pedestrian oriented area increases the potential for attractive retail sales profitability. Features - New, mixed-use development consisting of 300+ residential units above ground-floor retail - Close proximity to the new Ace Hotel, Urban Outfitters & Acne Studios - Landlord will consider multiple configurations up to 13,600 SF - Available space ranging from 1,006 SF to +/- 6,009 SF - Spring St. Retail with 70 feet of frontage - Abundant on-site structure parking above retail (±500 spaces) - Neighboring tenants include Starbucks, La Cafe, Cole’s, Varnish, The Exchange, The Falls, The Crocker Club, Spring Street Bar

Central LA

Office Space Market Report

Number of Listings (last 90 days)
406
Median Rate ($/sqft/yr)
$42
Median Size (sqft)
3,000
As of: February 22, 2017

Central LA Rates

Most listings are in the $40's per square foot per year. The Central LA submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 4% decline in rent.

Central LA Listing Supply

In the last 90 days, 363 listings have been listed, so you'll want to check back regularly for new listings. About 8% of the available leases in the Central LA are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

Even though the median size is 3,070 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are around 3 floors. Most buildings in this area were built in 1957 and are Class A.

Central LA Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Central LA occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

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

Market Data

Real time and historical data on commercial real estate listings in Central LA.
Research