Today we have the market update for West Los Angeles, for commercial office buildings.
Fundamentals remain strong as this area continues to gentrify and advance. The vacancy rate remains slightly higher than nearby affluent areas but asking rents have gone up as well showing increased confidence in the area.
Improvements to the vacancy rate and average rent per square foot are largely due to the limited supply in this area. Cap rates, days on the market, and price per square foot remain in line with surrounding
affluent areas.
Location Location Location. Everyone has heard this is key to real estate, but just as important to an investor or a business owner can be timing. When to start looking, and when to make an offer can impact your ability to negotiate and get the most favorable terms for you.
Read MoreEvery year is a different beast, bringing about various challenges for small businesses. With 2019 in full swing, we are here to take a look at some of the biggest obstacles small business owners will face.
Read MoreIf you are in the real estate business, you are likely to have heard by now about the new office sharing industry and some of the companies behind it – WeWork, Impact Hub, and many others.
You are also very likely to have noticed how disruptive this new industry has been. In New York for example, more specifically in Manhattan, co-working offices have already taken a third of the total office leases in one month of 2018.
Read MoreTiming the real estate market for an investment property is one of the hardest things to do and one of the most asked questions, and I do have an answer to that question at the bottom of this article.
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