Guide to Leasing Retail Space in Playa Vista Runway Area, California | Costs, Benefits, and Opportunities
Discover the ultimate guide to leasing retail space in Playa Vista Runway Area, California. Explore costs, benefits, demographics, and opportunities in this thriving community.
Guide to Leasing Retail Space in Playa Vista Runway Area, California
Playa Vista’s Runway Area is a thriving retail hub with a blend of modern conveniences and community charm. This guide provides key insights into leasing retail space in this vibrant neighborhood, including costs, market trends, and amenities to help retail owners make informed decisions.
The Unique Charm of Playa Vista Runway Area
Playa Vista Runway Area combines contemporary architectural design with a bustling urban vibe. This pedestrian-friendly district offers a vibrant mix of retail shops, dining options, and community events. Local attractions, including state-of-the-art parks and tech-driven businesses, draw steady foot traffic year-round.
Key highlights:
• Landmarks: Central Park and Silicon Beach’s tech ecosystem.
• Events: Weekly farmer’s markets, art fairs, and outdoor movie nights.
• Shopping Districts: A diverse mix of national retailers and boutique shops.
Leasing Retail Space in Playa Vista
The Runway Area provides prime retail locations ideal for businesses looking to thrive in a high-demand market.
Costs
• Average leasing cost: $5.00 – $7.00 per square foot/month.
• Example: A 1,000 SF space costs $5,000 – $7,000/month or $60,000 – $84,000 annually.
Vacancy Rates
Playa Vista boasts a low retail vacancy rate of 3-5%, indicating strong demand.
Types of Spaces Available
• Small Boutiques: Perfect for local entrepreneurs.
• Large Storefronts: Ideal for established national brands.
• Multi-Use Spaces: Designed for flexible retail and service operations.
Notable Retailers in Playa Vista
Playa Vista is home to a variety of retail gems catering to locals and visitors alike.
• Restaurants:
o Urban Plates – 12746 W Jefferson Blvd: A casual dining experience with fresh, healthy options.
o Hopdoddy Burger Bar – 12746 Millennium Dr: Renowned for gourmet burgers and craft beer.
o Da Kikokiko – 12775 Millennium Dr: A Hawaiian poke and sushi paradise.
• Clothing Stores:
• Lululemon – 12751 Millennium Dr #115, Playa Vista, CA 90094 (Athletic and leisurewear)
Free People Movement – 12775 W Millennium Dr, Playa Vista, CA 90094 (Activewear and boho-inspired fashion)
Nike by Playa Vista – 12746 W Jefferson Blvd, Playa Vista, CA 90094 (Sportswear and sneakers)
• Wine Stores:
o Runway Spirits – 12775 Jefferson Blvd: Curated wine and spirits selection.
Demographics and Market Potential
Playa Vista’s demographic profile makes it an attractive location for retail businesses.
Population
• Total population: 15,000+ residents.
• Growth: Rapidly increasing due to new residential developments.
Income Levels
• Average household income: $120,000+, indicating strong purchasing power.
Tourism/Foot Traffic
• Frequent visitors from Silicon Beach and nearby attractions boost daily traffic.
• Signature events draw thousands each month.
Housing Market and Local Schools
• Average home price: $1.2M.
• Apartment complexes: Luxe high-rises, including Playa Vista Apartments at 12615 W Jefferson Blvd.
Schools
Playa Vista is served by highly-rated schools like Playa Vista Elementary and Westside Neighborhood School, which appeal to families.
Senior Centers
• The Watermark at Playa Vista – Upscale senior living with state-of-the-art amenities.
Education and Sports Teams Schools
Schools
• Playa Vista Elementary School: Offers STEM-focused curricula and extracurriculars.
• Loyola Marymount University (Nearby): Brings a dynamic student community to the area.
Sports Teams
• Recreational leagues for soccer, basketball, and volleyball ensure community engagement.
Local Business Community and Networking Opportunities
Playa Vista fosters a thriving business community through organizations such as:
• Silicon Beach Business Association: Connects local entrepreneurs.
• Playa Vista Chamber of Commerce: Hosts networking events and workshops.
These initiatives encourage collaboration and create a supportive environment for retail businesses.
Advantages of Downtown Retail in Playa Vista
• Residential Proximity: Surrounded by affluent neighborhoods.
• High Visibility: Walkable streets with heavy foot traffic.
• Community Support: Strong backing for small businesses and sustainable practices.
Nearby Amenities and Infrastructure
- Restaurants and Cafés
- Diverse dining options, from casual bites to fine dining experiences
- Parking
- Convenient parking lots and valet services throughout the district.
- Public Transportation
- Accessible bus routes and proximity to the Expo Line offer excellent connectivity.
- EV Charging Stations
- Multiple stations available, supporting eco-conscious shoppers
Why Lease Retail Space in Playa Vista Runway Area?
Playa Vista offers unparalleled opportunities for retail businesses. From its affluent population and prime location to its vibrant community, the Runway Area is a hotspot for growth. Start your journey by exploring available spaces today—connect with a leasing agent to secure your place in Playa Vista’s thriving retail scene.
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