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One of the most common grievances from leasing brokers is lack of ample parking to accommodate the new densities demanded by media, tech and entertainment companies. Open floor plans and rising rents have caused the employee-to-square foot ratio to double in the past decade. Some tenants need up to seven spaces/1k SF, yet very few buildings are even parked at five spaces/1k SF.
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10951 Pico Blvd in West Los Angeles addresses this issue. In addition to three spaces/1k SF onsite parking, it provides virtually unlimited parking at the Westside Pavilion. The pavilion is less than a quarter mile from the property, a two-minute walk past many popular bars, coffee shops and restaurants where employees can stop in for a cup of joe before work or a drink afterward.
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In addition to the abundance of parking, the property is located less than half a mile from the Sepulveda Expo Station. Let’s talk transit times: The train ride to Culver City is 11 minutes and Downtown LA is a short 37 minutes. The Expo just opened May 20, and the train now runs through Downtown Santa Monica, which takes just 10 minutes. The train runs frequently, every 12 minutes.
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10951 is leasing a 4,500+ SF creative space for November 2016. The ground-floor space has a creative look and boasts the parking and transit tenants are looking for.
For more on this Bisnow sponsor, click here.
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