Over the past four years, The Friar Professional Building Center has transformed from a Class b/c+ office building to a luxury class A Business center with a highly esteemed networking pool of professionals. In doing so, we have escalated to the top of Van Nuys premier luxury office buildings. In effect branding the building center as the place for luxury office suites and high end clientele. Conveniently located in the heart of Van Nuys, which is a city known for its laid back fashion and multicultural community. We hand select tenants who will complement the growing affluent professionals doing business at The Friar Professional Building and the Van Nuys Marketplace. We offer businesses of any size space for their operations, including Shared Office, Single Story Flex, and Corporate Office Space. Our tenants enjoy our convenient location, the finest amenities and high tech services, all set in a vibrant neighborhood.00
We are a luxury office building owner, and self-manage building.
We specialize in Virtual Offices, Offices for Rent, Los Angeles rental properties, Office Rental, Van Nuys Offices for rent, Van Nuys Offices
We offer many amenities, services and perks, and are looking for tenants that will better complement the growing, affluent Van Nuys market as well as our building. The company recently re-renovated the entire building and rented few suites to celebrities which will be an asset to the mix of upscale clients at The Friar Professional Building center.
PRESENTING 3941 RIDGEMORE AVE. STUDIO CITY, CALIFORNIA
3941 Weslin Ave. Sherman Oaks, CA.
West Coast office growth, from L.A. to Seattle, is outpacing the East Coast, thanks to technology tenants, and growing population. Therefore, Commercial property in Los Angeles is on the rise once again. Office, Retail, Residential and Industrial space are all showing low vacancy rates and rising rents. The Job growth across Los Angeles County has been growing by 3% in past few years. Population in the Los Angeles is also strong with a 4% annual rise expected between 2013 and 2018. The average household income in Los Angeles now stands at $80,900. Demand is now more than meeting available supply which is pushing rents upwards in the office market.
The Los Angeles office market is made up of just over 300 million square feet of multi-tenant office space. This makes it the third largest market in the United States behind NYC and the greater Washington DC area. Unlike some other markets the Los Angeles office space market is relatively decentralized with only 11% of the office space located in down town Los Angeles. Most of the inventory available is relatively new with 55% of the office space currently used being built after 1985.
The retail market is made up of approximately 458 million square feet of shopping centers and single tenant properties. Because all income levels are represented in Los Angeles the area attracts a large array of retailers from the budget to very high end. Strong population growth and a multitude of affluent households make this a very attractive market for many retailers.This Executive summary 3941 MASTER
That is why the Los Angeles CRE is sought after, and Kambiz Merabi and his By Kambiz Merabi are focus and investing in luxury class A in Los Angeles market.