Arts District – Los Angeles, CA Office Space for Rent
Located on the eastern edge of the Downtown area of Los Angeles, the Arts District has seen significant revitalization in recent years. Bordered by the Los Angeles River, Violet Street, First Street, and Alameda Street, the entire Arts District is only about 3.5 square miles.
Many of the buildings in the Arts District were originally used for industrial purposes during the 20th century. Today, developers have turned many of these industrial buildings into commercial properties.
Are you looking for offices in the Arts District of Los Angeles? If so, you can reach out to our team at SquareFoot to review all of your options. The recent construction of live/workspaces in the area provides you with additional options for office space.
Arts District, LA Office Space – Lease Data & Trends
Are you looking for an Arts District office? You have access to lots of empty office space in the Downtown Los Angeles area. Due to increased remote and hybrid working decisions embraced due to the continued effects of the COVID-19 pandemic, the vacancy rate in the region has reached 25%.
The Arts District has a higher vacancy rate than the average for Downtown Los Angeles, reaching 43.2% in Q3 2021. The overall average asking rent for the area reached $59.57 per square foot per year for all classes in the same quarter, with the rent for Class A properties coming in at $63.60 per year.
Infrastructure projects such as the Regional Connector and the Sixth Street Viaduct bring increased energy to the Arts District locale. Businesses in the banking, real estate, insurance, and finance fields remain the largest tenant base throughout Los Angeles’ Downtown area.
What Our Brokers Say About Arts District, LA Office Space
Offices in the Arts District of Los Angeles give you the opportunity to work and live in a beautiful and memorable neighborhood. The area’s historic vibe makes it appealing to filmmaking projects, allowing you to keep track of the action throughout your workday.
An Arts District office rental may also give you a prime view of the building recently bought by the Warner Music Group. The company took over a building previously used by the Ford Motor Company in 2019, taking advantage of the open spaces.
Banking and finance represent significant industries in the area, joined by businesses that offer legal services and technological assistance. Engineering, architectural, and construction firms also come to the Arts District to find office space to meet their needs.
Top Commercial Buildings in the Arts District, Los Angeles
Consider an office lease in the Arts District in any of these buildings.
2118 East 7th Place: Construction on this Class C building finished in 1908, making it something of a historic landmark in the area. 2118 East 7th Place puts you within walking distance of many popular restaurants, including the American Tea Room.
691 Mill Street: Enjoy contemporary design in an industrial setting with the office space found at 691 Mill Street. The building comes with central AC, and you can enjoy an on-site gym. You also have access to rooftop patios, meeting rooms, and maid services.
440 Seaton Street: This freestanding building features a lovely brick façade and an open floor plan. The property was completely renovated recently but maintained the appeal offered by exposed brick and woodwork, giving it a beautiful and welcoming atmosphere.
Get to Know LA’s Art District
Are you looking for an Arts District office for lease? You have many transportation options to get around the area while looking for the right piece of real estate. The Los Angeles County Metropolitan Transportation Authority (Metro) and the Los Angeles Department of Transportation (LADOT) DASH bus service the area.
You can also take advantage of five bike-share stops to visit landmarks like the Challenge Dairy Building, the Southern California Institute of Architecture, or the Toy Factory Lofts.
Offices in the Arts District of Los Angeles provide you with easy access to many local restaurants. Consider going out to Manuela, Bavel, or the Factory Kitchen after a hard day of work to enjoy delicious cuisine.
While traveling through the area, keep an eye out for some of the murals that contribute to the area’s atmosphere.
Why Rent Office Space in the Arts District?
Why select an Arts District creative office? The Arts District offers business owners several benefits, starting with plenty of currently available space. Due to the current vacancy rates throughout the area, you have options for picking out the correct location for your business.
Many of the properties available in the Arts District offer live/workspaces. You can also find flex spaces that make it easy to adapt the office to your needs. Coworking in the Arts District allows you to share some of the cost for your building, limiting the expenses for your company.
Consider a creative office in the Arts District in Los Angeles for other benefits, like easy access to public transport and several restaurants to choose from when you want to eat.
Nearby Neighborhoods to Set Up Office Space
Many other surrounding neighborhoods may catch your interest if you are considering offices in the Arts District in Los Angeles. Take the time to look at real estate options in:
Santa Monica: Located along the ocean, Santa Monica offers various beautiful buildings for businesses looking to set up shop. The city has gone through revitalization since the 1980s. It offers many places to visit, such as the Santa Monica Pier.
Beverly Hills: Home to the Rodeo Drive district for shopping, luxury hotels, and celebrities, Beverly Hills provides a glamorous setting for your business. Bordered by West Hollywood and Los Angeles, we can help you get to know Beverly Hills better.
Glendale: Glendale is the fourth-largest city found in Los Angeles County, only 10 miles away from Los Angeles’ Downtown area, making it a convenient business location.