Downtown Los Angeles Retail

623 S Olive St Unit GROUND FLOOR RETAIL
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
523 S Broadway 2 Spaces
Downtown Los Angeles, Los Angeles, CA
Broadway! The most up and coming street in DTLA! Area on it's way to gentrifying but it's not there yet, which is why it's listed at such a low ppsf! Area has a tremendous amount of character & creativity to it and is VERY POPULAR by millennials and young professionals. A bar, Mezcalero, literally across st just opened is already successful!! This building is also across the street from the Roxie/Cameo/Arcade Theaters! One of the many historic theaters on Broadway. Broadway was the original Hollywood and stars like Charlie Chaplin strolled down these sidewalks. Incredible amounts of resources are being invested into this area including Jose Huizar's Bringing Back Broadway organization. Neon sites will light up down Broadway again and THIS WILL BE THIS BEST STREET IN DT!! Awesome space with soaring ceilings. Need to bring your own liquor license. I'm a commercial real estate broker, if this space doesn't meet your needs I may know of something else that does! Call me or go to my website and fill out the quick contact form now! Thnx! Become a fan of Downtown LA on Facebook @dtla4ever Snap/IG/Youtube: @dtlarealest DISCLOSURES: The information contained herein is deemed reliable but was obtained from 3rd parties and has not been independently verified by dtlarealestate website 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. Square feet are approximate and are not guaranteed. If there is a common area that the space shares 20% load factor is added to the square feet. Leases assume you measure the sqft before leasing and approve of the calculation for multiple reasons. Rent rate and terms on all of dtlarealestate website'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.

Downtown Los Angeles

Office Space Market Report

Number of Listings (last 90 days)
209
Median Rate ($/sqft/yr)
$48
Median Size (sqft)
6,960
As of: May 23, 2017

Downtown Los Angeles Rates

The typical asking rate per listing is in the $40's per square foot per year. The Downtown Los Angeles region is experiencing a a rise in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 7% rise in rent.

Compared to the rest of the Metropolitan Los Angeles market, the Downtown Los Angeles region has greater rates, and you'll need to pay a premium to be in this hot submarket.

Downtown Los Angeles Listing Supply

In the last 90 days, 209 listings have come on the market, so you'll want to check back regularly for new listings. About 2% of the available space in the Downtown Los Angeles are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 6,960 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are close to 4 stories. Most buildings in this market were built in 1934 and are Class A.

Downtown Los Angeles Community

A large portion of this area is residential, but there's plenty of office_space. Waste services is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Downtown Los Angeles occupants. Commuting around 30 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 Downtown Los Angeles.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Downtown Los Angeles.
Research