Restaurants for Lease in Santa Monica

Restaurant leases in Santa Monica are available on the Third Street Promenade, Main Street, Montana Avenue, Ocean Avenue, and in the mixed-use developments surrounding Santa Monica Place. Motivated landlords following post-pandemic turnover have created improved terms for well-restaurant operators.

Second-generation restaurant spaces are the most cost-efficient leasing option for operators entering Santa Monica. A second-gen space comes with existing food service infrastructure already in place including hood systems, grease traps, commercial plumbing, walk-in coolers, and often current health permits. This can save operators $100,000 to $400,000 in build-out costs compared to converting a raw commercial space, and compress the timeline from lease signing to opening from twelve months or more to as few as four to eight weeks. Pepperlot is the marketplace built exclusively for restaurant real estate where operators can search for second-generation restaurant spaces in Santa Monica using restaurant-specific filters. Search by hood systems, grease traps, walk-in coolers, patio availability, and existing permits to identify the right space without extensive back-and-forth inquiries.