4 Simple Tips to Stay on Budget for Restaurant Remodeling Projects... It looks to be another strong year for Southern California restaurant remodeling. With the economy steadily improving, both casual and high-end restaurants are filling up again. This boost to business has renewed the confidence of not just national restaurant chains, but also local restaurant [...]
LA Construction Spending Is At Its Highest Since the 1980s... According to Forbes and Dodge Data, LA construction spending in 2015 reached a historic $11.7 billion dollars. Not only is this the highest LA construction spending has been in three decades, it also puts the Los Angeles metropolitan area fourth in new construction spending - [...]
Nonresidential/Commercial Construction Spending Exceeded All Expectations in 2015 and Continued Growth is Projected in 2016... Despite a decline in consumer spending and continued weakness in the manufacturing sector, construction spending exceeded all expectations in 2015 - especially in the nonresidential market. Construction spending actually increased every month last year. In particular, non-residential construction projects were [...]
Rising California Tenant Improvement Costs Are Leading to Higher Rents and Longer Leases... Today’s tenant is looking for an office space that inspires. A space that reflects a brand or a company culture. A space that attracts the most brilliant personnel and is both welcoming and pleasing to clients. Sometimes a good office build-out is [...]
Commercial construction companies projected to stay busy in 2016... 2015 was a terrific year for H.W. Holmes Inc. and other commercial contractors. The economy is on an upswing. This has resulted in more large-scale and ground-up commercial construction projects that have us incredibly optimistic for 2016. Here are some commercial construction trends to watch for [...]
Office tenant improvement allowances let landlords buildout or retrofit an office space to tenant specifications... Although the market can change at a moment’s notice, there are signs that the 2015 boom of Los Angeles County office market is leveling off. Last year, L.A. office vacancies fell as demand for office space in the region picked [...]
Today's Construction Industry Is Busy With Millennial-Influenced Office Renovations Not only have Millennials become the largest generation in the U.S. workforce, they're also redefining the way we work and where we work. This group, which is typically defined as those born between 1982 and 2000, currently represents more than half of the United States workforce. [...]
Retail store renovations and remodels can significantly influence a store’s bottom line and profit margin... Retail store owners have a lot on their plate. They have to ensure the store keeps up with trends to remain relevant in the marketplace. Customers have to continuously stay engaged. And the store must remain profitable no matter what. [...]
