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Commercial Observer · Los Angeles · Office

Pistola Denim Takes Nearly 18K SF at ROW DTLA

Via Commercial Observer · September 24, 2026
Compiled by Real Estate Trail Editorial · September 24, 2026

Why this matters

Office continues to trade in two distinct markets: trophy assets in walkable submarkets that are leasing at or near record rents, and commodity Class B and C buildings where the basis is still resetting. Underwriting on the latter has moved toward replacement-cost-minus, with credit underwriting now leaning on tenant covenant and remaining lease term rather than mark-to-market expectations. Los Angeles is working asset-by-asset through an extended office reset. Hospitality on the West Side and selective industrial in the South Bay are where capital is currently moving; downtown Class B remains in price discovery. For LP-positioned capital, the read-through is that the bifurcation is now a structural feature of the sector, not a cycle to wait out.

Editorial analysis · Real Estate Trail Editorial

On the RET wire

Computed from Real Estate Trail’s own tracked coverage

Excerpt from Commercial Observer:
Denim and womenswear company Pistola Denim has signed a 17,922-square-foot office lease at Atlas Capital Group ’s ROW DTLA , adding another fashion company to the nearly 2 million-square-foot Downtown Los Angeles comp…
Read the full article at Commercial Observer →

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