Millennials are reshaping modern workplaces. In fact, they've ushered in a boom for tenant improvement projects in the Los Angeles area. Modern office spaces are opening up. They're resembling co-work spaces or coffee shops more than yesterday's traditional office. Big desks and row after row of filing cabinets are gone. Replaced by communal work bars, [...]
Disclaimer: This is a monthly summary of Los Angeles commercial construction news curated by H.W. Holmes, Inc. We will cover recent commercial construction projects and news pertaining to Los Angeles, Ventura, and Santa Barbara counties. We have no association with any of these developments unless specifically stated. FORMER ASIAN MARKET ON SUNSET BOULEVARD SET TO [...]
If you're leasing any space, a commercial build out might be necessary to tailor it to your specific needs. A tenant going through this experience for the first time will naturally be overwhelmed. Unfortunately, this also makes them vulnerable to mistakes. Mistakes that can be costly and detrimental to the health of their business. Here [...]
JLL Research recently confirmed that Los Angeles ranks third in the United States for commercial real estate occupied by co-working spaces. Not surprisingly, it's the markets commanding the highest rents where LA co-working companies are setting up shop. For instance, the Westside sub markets, home to the technology sector and venture capital firms, are ripe [...]
When searching for your ideal workspace, it's practically impossible to find exactly what you want in ready-to-move-in condition. Most spaces will require some type of office buildout. Sometimes it may be nothing more than some new carpet and paint. Other times it may involve knocking down some walls, building new walls, or other major renovations. [...]
A tenant improvement is a fixed improvement to customize a tenant's space to their specific tastes and needs. A "green" tenant improvement project can offer improved energy efficiency, increased employee productivity, optimal comfort, and fewer health risks. It also lessens the broader environmental impact of conventional construction and building operations. These processes typically eat up [...]
A company's work space is a valuable commodity. It's an integral part of how a company does business. It needs to be functional for efficient operations. It needs to fit the culture your company is looking to cultivate. The brand you're building. Moving into a space that requires customization is a natural part of any [...]
Disclaimer: H.W. Holmes, Inc. curates this monthly summary of Los Angeles commercial construction news covering Los Angeles, Ventura, and Santa Barbara counties. We have no association with any of these developments unless specifically stated. CULVER CITY BECOMING DESTINATION FOR NEW OFFICE BUILDINGS Los Angeles County's Culver City is attracting quite a few new offices and [...]
People understandably focus on basic numbers during tenant improvement negotiations. They're looking at the rental amount per square foot, the size of the space, and the amount of the TI allowance. However, other smaller often-overlooked details can actually have greater financial implications. Many times these seemingly small details can outstrip whatever dollar or two you [...]
The repurposing of the old Capitol Milling Company buildings in L.A.'s Chinatown has many people asking about adaptive reuse in Los Angeles commercial development. The pending transformation of a former mill site to the home of creative offices and trendy retail shops and restaurants is exciting but not anything new. Similar projects are happening throughout [...]
