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Beverly Center is an eight-story enclosed regional mall spanning approximately 842,000 square feet of GLA at the intersection of Beverly Boulevard and La Cienega Boulevard in Los Angeles, positioned between Beverly Hills and West Hollywood. Anchored by Macy's and Bloomingdale's, it houses over 95 stores emphasizing luxury and contemporary fashion including Gucci, Louis Vuitton, Versace, Dolce & Gabbana, Apple, Sephora, Zara, and H&M, alongside dining options and the Lucky Strike entertainment venue.
Post-2018 renovation, occupancy stands at 94-96% with annual footfall of about 12 million visitors and sales per square foot around $742. The property benefits from strong accessibility via Interstate 10 and public transit but faces high base rents of $60-80 per square foot plus elevated CAM fees. It competes in a Westside submarket with 5-6% vacancy against open-air centers like The Grove and Westfield Century City, as well as high streets such as Rodeo Drive and Melrose Avenue.
Demographics reflect affluent locals and tourists with modest population growth.
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Hours of Operation
Hours
| Monday | 10:00 AM — 08:00 PM |
| Tuesday | 10:00 AM — 08:00 PM |
| Wednesday | 10:00 AM — 08:00 PM |
| Thursday | 10:00 AM — 08:00 PM |
| Friday | 10:00 AM — 08:00 PM |
| Saturday | 10:00 AM — 08:00 PM |
| Sunday | 11:00 AM — 06:00 PM |
Hours may vary on public holidays. Check with individual stores for specific holiday schedules.
Insights
Demographics and Foot Traffic
The surrounding catchment features a population of roughly 300,000 within 50 square kilometers, average age 38.6, and household size of 2. Annual footfall reaches 12 million, supported by 50 million regional tourists and 120-minute average dwell time with 25% conversion. Proximity to Interstate 10 and Metro buses drives access, though Beverly Boulevard congestion can deter casual visits. Parking for 2,000 vehicles supports 1 million monthly visitors in this high-income, tourist-heavy trade area.
Competitive Landscape
Beverly Center operates in a competitive Westside submarket with 5-6% vacancy, facing direct rivalry from experiential open-air destinations The Grove and Westfield Century City offering broader entertainment and dining. High-street alternatives like Rodeo Drive and Melrose Avenue intensify pressure on fashion categories. Apparel saturation and 30% e-commerce vulnerability heighten risks, while reliance on discretionary spending exposes performance to economic cycles and tourism seasonality.
Lease Economics and Operations
Base rents average $60-80 per square foot with high common area maintenance fees increasing tenant costs. Occupancy at 94-96% exceeds many secondary malls and aligns with Simon's portfolio averages. Operational quality remains high following the 2018 renovation, though aging non-renovated sections and 4.7% recent rent hikes present challenges. The mix suits flagship international brands but limits options for convenience or hyper-local tenants.
Building Details
Detailed Market Analytics
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Los Angeles, CA
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City Snapshot
Los Angeles, CA
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