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Updated over 10 years ago,

Account Closed
  • Appraiser
  • Los Angeles, CA
9
Votes |
90
Posts

Retail Real Property Rental Rates - Market Snapshot for Restaurants: Located in 1) Santa Monica & 2) West Los Angeles in Los Angeles County, California for Commercial Real Estate

Account Closed
  • Appraiser
  • Los Angeles, CA
Posted

Current Retail Real Property Rental Rates - Market Snapshot for Restaurants: Located in 1) Santa Monica & 2) West Los Angeles in Los Angeles County, California for Commercial Real Estate

Please Request if you would like to see or know more about anything Commercial or Industrial Real Estate related - Topics, Details, Areas or Information.

I can the post for All to Benefit based upon suggestions for: A) Tenants B) Landlords C) Owners D) Investors E) Owner User Occupants or Occupiers F) Developers G) Sellers H) Buyers I) Lenders and J) Mortgage Note Holders.

Requests or Suggestions for:

1) All 6 Counties of Southern California Locations or Submarkets: A) Los Angeles B) Ventura C) Orange D) Riverside E) San Bernardino or F) San Diego

2) All Property Types: G) Retail H) Industrial I) Office J) Medical / Healthcare K) Multi-Family Apartments & L) Vacant Land

3) Fair Market Rent Level Leasing Activity & Lease Rates or Rent Comparables

4) General Market Conditions & Trends

5) Lease Up or Sell Out Marketing Period Absorption or Highest & Best Use

6) Below or Above Market Level Factors related to Deferred Maintenance, Distressed Buyer or Seller Sale Motivation such as REO Foreclosure

7) Vacancy & Collection Loss, Operating Expenses, Capitalization Rates or Investor Required Rates of Return, etc.

Below is a Submarket Snapshot of Westside Rent Rates, the Most Up to Date Lease Comparables to help Landlords and Tenants with Companies or Businesses Renting or Leasing Space to Achieve: A) Major Net Effective Rent Occupancy Cost Savings B) Internal Underwriting & C) Asset Monitoring.

Decision Making for Buildings or Projects:

1) Reset New Fair Market Rent: Lease Rates, Concessions and Terms & Renegotiate prior or existing Lease Contracts in place for Upcoming or Soon to Expire Agreements for Options and Renewals to Stay or Renew Lease at existing location

2) Relocate: Move to a Replacement site

3) Expansion: Open Additional Multiple Locations

Actual Signed Lease Comparables from a Market Level - FMR or Fair Market Rent Study:


2 Location(s): A) Santa Monica B) West Los Angeles

2 General Use(s): C) Retail D) Mixed Use Apartments & Retail

1 Specific Use(s): Sit Down Restaurant

Base Rents (NNN or Modified Gross or Full Service Gross Expense Basis):

$4.25+ / sf of building / month

Additional Operating Expense Pass Thru's to Tenants - NNN's or CAM's (Includes Proportionate or Pro Rata share of Property Taxes, Property Insurance, etc. or CAM's – Common Area Operating Expenses): $.50+ / sf of space / month (Tenants Typically Pay Separately Metered Utilities of Electricity and Gas Expenses & Interior Janitorial)

Total Rent (Base Rent + Additional NNN's or CAM's): $4.75+ / sf / month

Annual Base Rent Increases: CPI or Consumer Price Index+ / year

Lease Length or Contract Term: 60+ months

Landlord Provided Free Rent Concessions to Tenant: 0+ months Rental Abatement

TI’s - Tenant Improvements Concessions provided to Tenant by Owner: $0+ / sf of Building Allowance to improve the property

Marketing Period or Lease Up Absorption Period: Not Available