Devin Klein

Craft breweries are the newest tenant craze for retail owners. According to research from JLL, craft breweries have increased to 67 total locations in Los Angeles since 2011 and generated more than $90 million in revenue last year. Geographically, there are operators—and as a result opportunities—throughout greater L.A., with hubs in the South Bay, Downtown L.A., the San Fernando Valley, Glendale and Long Beach. To find out more about the trend and where it is heading, we sat down with Devin Klein, an associate at JLL, for an exclusive interview.

GlobeSt.com: What kinds of real estate assets are craft breweries occupying? What are they looking for in a space?

Devin Klein: Craft breweries are occupying industrial or semi-industrial spaces , warehouses &/or large space in commercial buildings. Requirements can include most or all of the following: high ceilings, outdoor area and the square footage capable of housing a brewing system, tap room and parking. Areas targeted are close to existing or up and coming neighborhoods and office markets.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.