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 [...]
Tenant or leasehold improvements are improvements made by a landlord to attract or retain a tenant. The tenant can request specific customizations to the space's interior to better suit their needs or preferences. These improvements can be paid for by either the landlord or tenant. This is all negotiated and outlined in the signed lease [...]
Whether your company is looking for office space in a newly constructed development or a previously occupied space in an older building, the building owner will likely offer a tenant improvement allowance. A TI allowance is a dollar amount the landlord offers to cover the cost of any customizations you want done to the space. [...]
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 [...]
The Los Angeles area is currently a magnetic hub for thriving companies. Most companies, whether they're a startup or a well-established entity, want much of the same thing from an office space. They want a space that reflects their brand and company culture. They want to impress clients. They want to keep their workers upbeat, [...]
