Producing the Downtown LA Market Report each quarter involves a lot of numbers and stats – from occupancy rates and new construction figures to square footage and leasing percentages – and making sense of the patterns and trends in all that data. But as any seasoned developer knows, to really understand what's going on in a market, you must get out there yourself and walk the streets, tour the properties, listen to the people, and experience the environment in real time.
Downtown LA is packed with buzzy, in-the-moment restaurants, classic fine dining destinations, and comfortable staples. From long-time veteran restaurateurs and flashy celebrity chefs to their more modest tradesmen neighbors, DTLA has attracted a wide range of culinary leaders enticed by the opportunity to push epicurean boundaries and explore new concepts in one of the most interesting dining destinations on the Best Coast.
Have a look at five of Downtown LA's most notable and nosh-able.
This content was written by Nick Griffin and originally appeared on Urbanize LA.
The Downtown residential market has been on fire for years now, with the retail and restaurant scene smoldering in its wake. Now those sparks are beginning to ignite the commercial office market – with our Q2 Market Report showing growth in leasing activity, average rents and net absorption. But the numbers, while good news, aren't the real story.
A staycation, for those who've never taken one, is a vacation you enjoy in your very own city. A staycation has two rules: no work...and no chores. It's your chance to try out that new restaurant down the street, take a stroll under the stars, and may even be an opportunity to fall in love all over again with the neighborhood you call home. Join me while I explore four staycation destinations here in Downtown LA.
Hotel Figueroa opened in 1926 by YWCA, and became a hotel just three years later. In 1976, it was given a Moroccan makeover after years of being a residential hotel for tourists on a budget. The hotel has recently re-emerged from a two-year restoration inspired by its original 1926 Spanish Colonial splendor. Once you step inside, you'll discover locally sourced art, and an iconic coffin-shaped pool within a botanical hideaway. With an emphasis on natural light, the building was redesigned featuring white walls, wood floors and exposed wooden beams. Feel like splurging? Make sure to book one of their suites, which I've heard one of them has a hidden passageway that leads to an event space. For the foodies, make sure to experience Breva and Veranda. After dinner, visit Rick's for a lively neighborhood vibe complete with coastal and tropical-inspired cocktails.
Book your staycation with their Forever Summer special!