Miracle Mile vacancies fill, restaurant mix gets stronger
Written by Catherine Lackner on April 30, 2019
Much has been made of vacancies on Miracle Mile – and whether the street’s long renovation had a chilling effect – but the situation is far from dire, said Francesca Valdes, the city’s business development specialist.
Actually only 16 vacant spaces line the four-block stretch, and letters of intent have been signed for four of them, leaving only 12 vacancies, she said. Decorative window wraps may conceal some of the activity that’s taking place, she added. Rents average about $45 per square foot, triple-net.
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