With many state and local governments continuing to roll out measures to minimize this most recent wave of COVID-19, many tenants are asking commercial property landlords for rent relief. Retailers, restaurants, hospitality, and other consumer-facing businesses have undoubtedly been hit hard by this pandemic. Many restaurants in particular were forced to close or reduce capacity [...]
We are almost one year into the global COVID-19 pandemic. Contractors throughout the United States have certainly experienced their share of obstacles within the past year. Projects have shut down or slowed. Crew members have had to be laid off. Construction costs have increased. As we move into 2021, we thought we’d look at a [...]
Building owners typically include a tenant improvement or TI Allowance (TIA) in a lease agreement. This TIA enables the tenant to customize a commercial or retail space to suit the specific needs of their business. This allowance is generally accompanied by strict rules covering fees (project management, designers and engineers, permits) and actual construction costs. [...]
The impact the coronavirus has had on our lives and the economy cannot even be fully understood just yet. But, when it comes to the commercial construction industry, there’s optimism among contractors. According to the U.S. Chamber of Commerce Commercial Construction Index, confidence in new business and revenue expectations increased from Q2 to Q3 in [...]
At the beginning of 2020, Los Angeles office space was dominated by tech and entertainment/media companies paying record high rents. But exactly how much will the metro's office market change through this pandemic. In this blog post, Los Angeles area office tenant improvement contractors H.W. Holmes, Inc. look at a few things we're hearing from [...]
An Injury and Illness Prevention Program (IIPP) has always been standard procedure at construction worksites. No job sites wants to be plagued by worker injury and illness. It's costly to both the client and the builder. In response to COVID-19, Los Angeles area commercial contractors H.W. Holmes, Inc. understand the importance of keeping its job [...]
Although many restaurants have continued to serve customers via takeout and delivery through COVID-19, more and more states are allowing restaurants to re-open with social distance and occupancy limits. Los Angeles area restaurant builders H.W. Holmes, Inc. thought this would be a good time to look at the potential long-term impact this pandemic might have [...]
Needless to say, the COVID-19 pandemic has completely upended our work lives. Businesses who had invested so much into their office lease and design not too long ago are now left trying to figure out if their office layout makes sense in this "new normal." While offices have been attempting to accommodate an increasingly flexible [...]
The retail industry has been dealing with the fall out of COVID-19 since March of this year. With state-issued executive orders requiring people stay home and non-essential businesses remain closed for months, many retailers are financially suffering and re-evaluating their rental or lease obligations. While California has permitted more retailers to reopen this past month, [...]
The traditional office will probably look very different in a post COVID-19 world. With so many people working remote, many companies are reevaluating their office space needs. While some business owners may want immediate tenant improvements to better optimize square footage; for example, to accommodate social distancing requirements to give employees more personal space, others [...]
