Even when you hear talk that it's a "tenant's market," don't think you're going to encounter a desperate commercial landlord ready to rent their space to the first interested tenant. Most landlords have certain criteria that must be met. Variables like background checks, references, credit reports, tax returns, or even your personality are factored in. [...]
As is the case after every Presidential election, there's a certain amount of uncertainty looming over the commercial construction industry. By the middle of Barack Obama's first term in office, the construction industry had cut its workforce by nearly 40%; eliminating roughly 2.3 million jobs. Although the economy slowly picked up, bringing us more commercial [...]
Retail store owners spend a lot of time looking at their store. They're constantly looking for ways to freshen up its appearance. Perhaps they'd like to give it a more hip or trendier look. Make it more inviting to those walking by or easier for customers to navigate once inside. Yet, in our line of [...]
Disclaimer: H.W. Holmes, Inc. curates this monthly summary of commercial construction and development news in and around Los Angeles, Ventura, and Santa Barbara, CA. We have no association with any of these developments unless specifically stated. BISNOW PANEL LOOKS AT THE STATE OF LOS ANGELES RETAIL MARKET BISNOW hosted a Los Angeles State of the [...]
A TI Allowance is a huge selling point for both tenants and commercial property landlords. The landlord is looking to attract a desirable tenant with a sweet deal to renovate the space to accommodate their specific wants or needs. The tenant is looking for a space that won't require much out of pocket expenses to [...]
Tenant improvement projects used to be pretty cut and dry. Specifically, office tenant improvements. Make some aesthetic improvements to the reception area, maybe spruce up the break room, add some storage space, build-out some private offices for the bosses, make an accommodating conference room, and insert rows and rows of cubicles for workers. Today, there [...]
Commercial building owners are no strangers to struggling with inconsistent services. Stories about poor janitors, carpet cleaners, or landscapers aren't uncommon. Truth be told, many contracted service providers take on more than they can handle. Commercial general contractors can be just as guilty of that. Do your homework as you sift through commercial general contractors [...]
When you find a space you love, negotiating a long-term lease can be tempting. But is a long-term lease really in your best interest? Contrary to what you may read, a short-term lease or office rental isn't indicative of a clouded vision. It doesn't mean you're not committed or lack long-term vision. It can actually [...]
For many, the place they work is basically a second home. Many people with office jobs spend anywhere from 8 to 11 hours a day at work. That might even be more than the hours spent awake at their actual home. This is why it's so important for companies to create a work environment that [...]
Los Angeles Commercial Development News: There was a buzz back in August when the Los Angeles City Council gave the go-ahead to Township Partners' Sunset Strip Project. The mixed-use development will be designed by renowned architect Frank Gehry. However, residents, business owners, and LA councilman David Ruyu voiced concerns about traffic and congestion in this [...]
