Los Feliz, Los Angeles Office Space for Rent
Nestled in the heart of Los Angeles, California, Los Feliz is a bustling neighborhood fixed in the hills of the Santa Monica Mountains and surrounded by some of LA’s most notable and iconic historic sites, including the Griffith Observatory. Tourists from around the country and beyond visit the Los Feliz area each year.
Trendy boutiques, restaurants, and local shops create a cultural environment that’s welcoming to creatives, business professionals, and potential residents alike. It is filled with artsy, historic office spaces surrounded by local and tourist life.
If you’re looking for office space for rent in a vibrant location filled to the brim with culture, Los Feliz is the perfect place to find one.
Los Feliz Office Space – Lease Data & Trends
Located in the Mid-Wilshire submarket of Los Angeles and part of the Greater Hollywood area, Los Feliz is a hidden gem with exponential growth potential for rental spaces. Reports show that while Mid-Wilshire is one of the smallest submarkets in the greater Los Angeles area, it is extremely important in its position as the home of Hollywood.
The rise in vacant spaces in the Mid-Wilshire district has actively grown over the past 18 months, with overall vacancy falling from 31.1% in Q2 to 29.1% in Q3 2021, much of it due to the effects of COVID-19, according to Cushman & Wakefield’s Greater Los Angeles MarketBeat.
Several projects are expected to catapult the occupancy and growth of the leasing market in the area. The completion of Candy East, a 186,524-square-foot construction site is expected to boost vacancy upon completion early this year. One Park Plaza, which is located roughly three miles from Los Feliz, showed a decrease in vacancy but an overall fall in rent—an attractive perk for new tenants who are looking to purchase in the area.
What Our Brokers Say About Los Feliz Office Space
Los Angeles alone is known for its artsy yet industrial background with office buildings extending from the downtown area to surrounding suburbs such as Los Feliz, Pasadena, Burbank, and beyond. Los Feliz Village is where most of the commercial storefronts in the area are located. There are several coworking spaces in the area as well.
The area where Los Feliz sits is only expected to grow in the coming years. Vacancy rates for office suites have grown from 20% to nearly 32% since 2015 and overall rental rates have decreased due to the effects of COVID-19. The area is home to more small businesses and local shops than large corporations, so there’s room for growth.
Top Commercial Buildings in Los Feliz
1710-1716 North Vermont Avenue: Fixed directly beside US Bank and across the street from Bank of America, this location is an artsy, hidden gem located directly next to a local cocktail bar. The building, for years, was home to the Rockwell Table and Stage, a once-popular theater in the area that was closed during the COVID-19 lockdowns.
1708 N Alexandria Avenue: Located just behind local grocery shop Arbat Grocery & Deli, this two-story industrial lot sits among a residential neighborhood that is surrounded by local restaurants, creative shops, and commercial buildings.
5225 Hollywood Boulevard: This historic building location is centered among local restaurants, cocktail bars, and coffee shops. Within the building itself sits a coffee shop that’s easily accessible throughout the day and Harvard and Stone, a local cocktail bar that features an old-school industrial vibe with live shows some nights.
Get to Know LA’s Los Feliz
Los Feliz’s vibrant local culture and arts community make it a sought-after location for working professionals and creatives alike. If you’re looking for a laid-back cultural experience in the center of Los Angeles, Los Feliz is the perfect place to rent a space.
There are a variety of local shops and restaurants vastly spread across the area nestled in historic buildings that have been around for over 20 years.
Its historic nature is another element that draws people to the area, as it is in Los Feliz that Walt Disney himself created the character Mickey Mouse while living in the garage of his aunt and uncle’s home. He later modeled a section of the Disneyland Resort to mimic a 1920s version of the neighborhood.
Why Rent Office Space in Los Feliz
Setting up shop in Los Feliz provides limitless opportunities and direct access to the local community and tourists that visit each year. Los Feliz’s downtown district is stuffed with coffee shops, vintage stores, and authentic restaurants, as well as open office spaces, creating the ideal environment for people looking for an environment with cultural roots and endless potential. If you’re looking for a welcoming community to build your business, you should consider an office space in Los Feliz.
Nearby Neighborhoods to Set Up Office Space
Echo Park: Echo Park is a nearby area that is also largely popular. Its Victorian-era setup is closely aligned to that of the Los Feliz downtown district and surrounding neighborhoods. Many of the older buildings have been renovated to make room for office leasing spaces, coffee shops, bars, and creative setups. Echo Park is home to The Echo and Echoplex, music venues that conduct live shows regularly and are widely sought after by locals and tourists alike. The area is growing and shows potential for new commercial setups. Echo Park is especially popular, featuring a winding walkway that surrounds a large lake in the middle of the area’s residential neighborhood.
Venice: One of the most popular areas in the Los Angeles region is Venice. It is home to Venice Beach, where any given day, you can find surfers in the water or skaters, bikers, gymnasts, and dancers along the Venice Beach Pier. Coffee shops, restaurants, and antique stores sit at every corner and there is constant traffic from both locals and tourists alike. It is the one place where local life meets tourist life effortlessly. Venice features urban buildings covered in windows that overlook the adjacent beach.
If you would like more information on office spaces in Los Feliz and options available to you, contact us. We can assist in finding the perfect place for your business.