NEWPORT BEACH, Calif., Aug. 22, 2016 /PRNewswire/ -- Real Office Centers, a community of virtual and brick-and-mortar office spaces that encourages collaboration among its entrepreneur tenants, already has office locations throughout Los Angeles, Orange County, San Diego and Honolulu. Now, the startup-friendly workspace is gearing up for its much-awaited debut in Downtown Los Angeles.
As Los Angeles Downtown News recently reported, ROC is the first official tenant of The Row DTLA, a huge adaptive reuse project of loft-style workspaces in Downtown LA's Arts District. The thirty-acre space originally served as workspaces for the Pacific Railroad Company in the 1920s, and The Row reflects that history and charm in its open, industrial feel.
As The Row's first tenant, ROC will take over about 27,000 square feet of the six-building complex. ROC signed a 15 year lease on this space, which will be its 13th location.
As The Real Deal pointed out, the rise of collaborative workspaces in LA has led to a sharp decrease in office vacancy in Los Angeles, especially the downtown area. This means there should be high demand for space at The Row once it is fully functioning.
"The overall vacancy rate for the region decreased by 10 basis points to 15.1 percent in the first quarter from 15.8 percent a year ago," the article reads. "Vacancy fell most substantially in West Los Angeles, where it dropped from 12.7 percent to 11.3 percent in just a year."
Tenants of ROC's newest office space will have access to all the services and amenities currently enjoyed by other ROC community members, ranging from practicalities like reception and tech support to perks like coffee and juice bars and outdoor work spaces.
Along with other office tenants, ROC will be joined at The Row by shopping and dining experiences as well. The first retail space for The Row was announced in May: interior design store A+R.
ROC currently plans to officially set up camp at The Row in autumn, and is currently accepting new members at the Downtown Los Angeles office. Once the new office finally opens, all of the ROC community will benefit from this exciting new connection to LA's Arts District.
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SOURCE Real Office Centers