Biltmore Tower - Office Space Availability

For Lease$32.04/Sqft/Yearly

500 South Grand Avenue, Los Angeles, CA 90071

  • Office
  • 136,798 Sqft

Biltmore Tower, Los Angeles, CA 90071 - Office Space for rent

Biltmore Tower is located at 500 South Grand Avenue in the Downtown Los Angeles neighborhood, CA, Los Angeles, 90071. The Class A Office building was completed in 1987 and features a total of 136,798 Sqft. There is 1 Office space available for lease at 500 South Grand Avenue, Los Angeles, CA, 90071, totaling 6,709 Sqft. The largest space available has 6,709 Sqft and a rental rate of $32.04/Sqft/Yearly.

There are 1,128 office spaces for lease in the Downtown Los Angeles neighborhood, totaling 10,292,193 Sqft of available office space. The average asking office rent per sq. ft. in Downtown Los Angeles is $7.03/sqft/year. For Class A+ office buildings the average office rate is $15.15/sqft/year, for Class A office buildings the average office rate is $5.14/sqft/year, for Class B office buildings the average office rate is $7.99/sqft/year, for Class C office buildings the average office rate is $3.75/sqft/year.

In Downtown Los Angeles, there are 64 class A office buildings. In Downtown Los Angeles, there are a total of 33 LEED certified office buildings. In 1987, the same year Biltmore Tower was built, 358 more commercial properties (office, industrial, retail) over 50,000 square feet were built in Los Angeles, featuring 5,045,412 square feet of commercial space. At zip code level, there are 17 commercial properties, of which 17 are office buildings over 50,000 square feet.

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Details

  • Price $32.04/Sqft/Yearly
  • City Los Angeles
  • Neighborhood Downtown Los Angeles
  • Zip Code 90071
  • Property Type Office
  • Property Size 136,798 Sqft
  • Parking Ratio 1.00/ 1,000 SF
  • Building Class A
  • Year Built 1987

Availability

Suite Name Space Type Lease Rate Space Available
Suite 1500 Office $32.04/Sqft/Yearly 6,709 Sqft
  • Suite Suite 1500
  • Space Number 1500
  • Space Type Office
  • Available From Monday, September 23, 2019
  • Total Space Available 6,709 Sqft
  • Floor From 15 To 15
  • Divisible Space No
  • Min Divisible 6,709 Sqft
  • Max Contiguous 6,709 Sqft
  • Lease Rate $32.04/Sqft/Yearly
  • Possession Type Immediate
  • Lease Type Full Service
  • Renewal Option Yes
  • Sub Lease No

Exclusive Brokers

Andrew D. Tashjian Is this you?

Cushman & Wakefield

(213) 955-5148

Description

A 24-story tower of Spanish-Italian Renaissance design constructed of masonry and brick located on the southeast corner of 5th Street and Grand Avenue. Floors 1 - 10 are parking.

Highlights

  • Biltmore Hotel
  • Smeraldi's
  • Sai-Sai Sushi
  • G.B. Harb Mensware
  • ATM

Downtown Los Angeles Demographics

Population

  • Total Population54,420
  • Male Population(58.3 %) 31,724
  • Female Population(41.7 %) 22,696
  • Median Age38.00

Income/Financial

  • Average Household Income$54,247
  • Median Household Income$30,808
  • Median Income Under 25$24,226
  • Median Income 25-44$54,632
  • Median Income 45-64$22,056
  • Median Income Over 65$12,190

BROWSE OTHER PROPERTIES IN DOWNTOWN LOS ANGELES

Check out the links below if you're interested in other types of properties for lease or for sale in Downtown Los Angeles:

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Andrew D. Tashjian Is this you?

Cushman & Wakefield

(213) 955-5148