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If you are looking into renting a retail property in the Santa Monica area, here are some facts and figures to get you started.
An Ephemeral commercial space can open for a single day or several weeks, even months. A flexible space rental does not commit you with a permanent lease and allows you to offer a unique consumer experience, connect with customers or validate the potential of a Santa Monica neighborhood while benefiting from great flexibility.
Santa Monica is the perfect city to organize your commercial event!
Santa Monica, which draws a crowd eager for discovering new products, is full of special commercial venues available for rent from a few days to a couple of months: apartments, old warehouses, etc. Polished concrete floors? Raw concrete floors? Spotlights? Whether you are looking for white-box, welcoming or comfortable spaces, you are guaranteed to find on Storefront the most suitable flexible venue for the event you are organizing.
One of the most important aspects of running a business? Location, location, location. Simply put, if your business is not located in a place that is easy and accessible to customers, you aren’t going to perform well in sales. Getting high foot traffic is essential to having great sales and a successful business.
California is a popular state for shopping in general, and of course, there are even more popular places where you can find numerous hip boutiques, as well as well-known names to shop at. The Santa Monica area is an excellent place to shop, and therefore an excellent place to consider leasing commercial property for your business.
Some popular locations include Third Street Promenade, Santa Monica Place, and Ocean Park Boulevard. Here are some of the stores you can expect to find in these areas.
On Third Street Promenade, you can find stores like Old Navy, The Gap, and Mac Cosmetics. In Santa Monica Place, you can find stores like Bath & Body Works, Bazille, and California Dreams. This particular shopping area is an open-air mall (kind of like a strip mall). In Ocean Park Boulevard, you can find shops like Treasure Chest, Burro, and Petals N Wax.
We all know California to be a little more on the pricey side. Depending on the location of your store, you may expect to pay anywhere between $30USD sf/yr to over $100USD sf/yr. This number can vary depending on the exact location you want to rent for your store.
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