Retail Business for Lease in Los Angeles, CA

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Retail Business
  • Location: Los Angeles, CA 90015

Description

With South Park quickly becoming the residential hub of Downtown, it’s only fitting to have a retail cluster that offers the neighborhood’s residents a diverse and dynamic retail experience necessary to meet their demanding lifestyle needs. We are seeking tenants to activate Grand Avenue and Margo Street along 12th Street and to create a dynamic restaurant concept facing AVEN’s brand new public park, the first of its kind in South Park. With potential uses such as all-day food and beverage, fitness, convenience stores and pharmacies, AVEN and all South Park residents can conveniently experience everything f rom a great coffee spot to an urban market with grab-and-go availability.

Market Context

This retail in Los Angeles, CA is listed for lease. It has been on the market for 148 days. Compare it against other retail listings for lease in Los Angeles, CA — <a href="/search/lease/retail/california/los-angeles">view the full market</a>.

As of Q3 2023, the Greater Los Angeles retail market showed rents up 0.5% year over year, and cap rates around 5.0%. Source: Consensus Q3 2023 market report.

Retail market FAQ

What is the typical cap rate for retail in Greater Los Angeles?
About 5.0% as of Q3 2023, per Consensus.

Unified Estimate

Medium Confidence

$2.01/SF/mo – $2.73/SF/mo

Mid: $2.37/SF/mo

Rate-first confidence-weighted blend with cost-of-business adjustment.

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