Creative sublease in downtown Los Angeles historic core

July 21, 2016

Tech Office Spaces Author

Washington D.C. Team Market Expert | Assistant Director, Savills Studley | DC/MD/VA Licensed Real Estate Broker

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8,106 SF recently constructed and furnished creative sublease in architecturally significant historic core PacMutual Building.

Creative office space now commands a premium to traditional high-rise office space in downtown Los Angeles.  Much of the creative office space in downtown Los Angeles is east of the CBD in the historic core on Spring, Broadway and Main Streets or east of Alameda in the Arts District.  However, most of this creative space is in shell condition and requires a full build out.  This sublease opportunity presents a unique opportunity to sublease plug and play creative office space for a 3-5 year lease term.

The PacMutual building historically presented a lower cost alternative for professional service firms to lease office space until Rising Realty Partners purchased the asset in 2012 for $60M and converted the building to a creative office use and re-tenanted the restaurant and retail uses.  The building started to thrive and rents have nearly doubled in the past 4 years.  Rising sold the building in 2015 for $200M and it continues to be a hub for creative office users.  Amenities in the building include Tender Greens, Pitchoun, Water Grill, Earth Bar and Starbucks.  The Metro station is location across the street from the building and although on-site parking is limited, additional parking can be made available across the street at Pershing Square.

Nasty Gal constructed this sublease space in the past few years, which features polished concrete floors, exposed brick, exposed ceilings, great natural light and directly off the elevator lobby.

The build out includes 4 conference rooms, a server room, kitchen, reception and 2 large open areas for workstations (click here for a floor plan).  Please feel free to contact us for pricing here or with any questions you may have.

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