3/16/2024 0 Comments Miracle box media price![]() ![]() “It’s affected this market like it has many. In the first quarter, the vacancy rate in the submarket was 19.6% compared with 16.9% two years prior, according to data from Jones Lang LaSalle Inc. The Miracle Mile area has traditionally had a lot of office tenants, but during the Covid-19 pandemic vacancy has increased. ![]() It also has dual elevators from the parking level into the store. He added that the building’s 70-space subterranean parking garage was a huge plus as it allows for plenty of parking for employees and customers. It’s a beautifully designed open plan with very, very high ceilings,” Shapiro said. ![]() … It had about 5,000 extra square feet (compared with other retail properties in the area) which is what junior boxes look for. “What was really unique about this particular property, the sizing was larger than a traditional store. The contemporary building also features 18-foot ceilings, parking and a dedicated truck loading dock.Įpsteen & Associates’ Vic Montalbo represented the tenant. Staples will relocate from its space in a Streamline Moderne building down the street.Īt roughly 19,450 square feet, the size of the new location was a big draw for Staples, said Kennedy Wilson’s Lee Shapiro, who represented the landlord in the lease. became available for the first time in 20 years, and Staples swooped in, signing a lease for an undisclosed price. is moving into the former home of an Office Depot location in Miracle Mile. Staples is taking over a former Office Depot location. ![]()
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