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. [...]
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 [...]
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 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 [...]
We've watched as the world has gone increasingly digital. Many offices have remote teams these days. Employees who seldom, if ever, work in a company's physical office space. 70% of white-collar professionals work remotely at least once a week. Another 53% work remotely at least half the week. When they do go into the office, [...]
Despite some mid-year projections that office construction would slow in 2019 due to increasing construction costs, current real estate cycle uncertainty and zoning issues, Los Angeles area office construction projects continue to rise as part of a commercial construction boom not seen in LA since the roaring twenties. In this blog post, we'll take a [...]
Customizing a space you'd like to rent or lease to better suit your needs is called a tenant improvement. To defray the cost of this customization or buildout, a landlord will often offer a tenant improvement allowance. This is a sum of money, sometimes referred to as a TI allowance or a TIA, that's put [...]
The size of the average law firm office has shrunk in overall square footage over the course of the last five years. While many associate this with the emergence of younger smaller firms, there are other factors playing into this. In this blog post, Los Angeles office construction contractors H.W. Holmes, Inc. look at a [...]
2019 has seen a continuation of tech and media tenants grabbing up available office space in and around Los Angeles. According to commercial brokerage Savills, leasing activity in the second quarter of 2019 reached 5.3 million square feet - a three-year high. Leading this leasing frenzy are companies like Netflix, Amazon, Apple, Facebook, and Google. [...]
The companies succeeding today aren't the ones still saying "that's how we've always done it." They take chances. Branding to them isn't just a cool logo or amazing website. They know that strategic branding extends to the workplace and office environment. Office design is the foundation your company's culture is built on. It's where workers [...]
