Santa Monica, a city known for its 93,000 residents, is an ideal location for a Restaurant For Lease, offering a diverse economy and a strong presence of notable companies. The city's rich history, attractions, and cultural venues make it an attractive destination for tourists and locals alike. With its strong infrastructure, including healthcare services, emergency services, and transportation facilities, Santa Monica provides a solid foundation for businesses to thrive. The city's proximity to UCLA Medical Center, Santa Monica and Saint John's Health Center, and its municipal wireless network further enhance its appeal. Additionally, Santa Monica's strong sports presence, including its role as a host city for the 2028 Summer Olympics, makes it an exciting place to do business.
With 55 Restaurants For Lease available, Santa Monica offers a range of opportunities for entrepreneurs and investors. The city's diverse economy, which includes the hospitality industry, entertainment, technology, and music, provides a solid foundation for Restaurants to succeed. In addition to Restaurants, Santa Monica also offers Retail Space, Commercial Real Estate, and Flex Space options, each with its own unique characteristics and advantages. For instance, Retail Space in Santa Monica is ideal for businesses that thrive on foot traffic, while Commercial Real Estate offers a range of options for companies looking to establish a presence in the city. Flex Space, on the other hand, provides a versatile option for businesses that require a combination of office and warehouse space. With its unique blend of attractions, infrastructure, and economic opportunities, Santa Monica is an attractive location for businesses of all types.
How are restaurant leases typically structured?
Restaurant leases in Santa Monica are typically structured with a base rent and additional expenses, such as common area maintenance (CAM) fees, property taxes, and insurance, which can vary depending on the location and size of the space. For example, the average annual rent per square foot for a restaurant lease in Santa Monica is $57 USD, with an average size of 2,826 square feet and a maximum space size of 9,000 square feet, offering flexibility for restaurateurs to find the perfect fit for their business.
What kitchen equipment is usually included in restaurant leases?
In Santa Monica, where there are currently 55 available listings of restaurants for lease, the kitchen equipment typically included in these leases may vary depending on the specific property and landlord. However, common items usually included are commercial-grade refrigerators, ovens, stoves, dishwashers, and ventilation systems, which can help restaurateurs get started with their business in this popular coastal destination.
