The City of Los Angeles has long been at the forefront of implementing rent control measures to ensure housing affordability and stability for its residents. One of the key regulations in place is the Rent Stabilization Ordinance (RSO), which governs rent increases for a significant portion of rental units in the city. As of June 2024, there have been important updates and clarifications regarding the maximum allowed rent increases under this ordinance.
Read MoreThe vacancy rate of a certain market shapes the operational environment, financial health, and strategic decisions of tenants. This is particularly true for retail buildings, whose location directly impacts how much money the business inside makes. Landlords, who are the owners and managers of these properties, closely monitor vacancy rates as they directly influence profitability and overall asset value. Let’s delve into how vacancy rates affect retail buildings and markets, and what both landlords and tenants can do to mitigate their impact.
Read MoreCommon Area Maintenance (CAM) fees are a crucial component of commercial real estate leases that tenants need to understand. These charges allow landlords to pass along the costs of maintaining shared spaces to their tenants. Let's dive into the key aspects of CAM fees and expenses.
Read MoreIn the fast-paced world of commercial real estate, staying ahead of the curve is essential. As technology continues to evolve, new tools and platforms are emerging to help brokers and agents streamline their operations, enhance their market insights, and ultimately drive better results for their clients. In this blog post, we'll explore some of the latest and most innovative solutions that are transforming the way commercial real estate professionals work.
Read MoreBringing on new agents is an exciting time for any commercial real estate brokerage firm. However, providing comprehensive training is crucial to setting these agents up for success and ensuring they can hit the ground running. Here are some essential tips for effectively training new commercial real estate agents:
Read MoreIt's critical to keep up with legislative requirements and limits as a commercial real estate investor or property owner in California, as they may have an impact on your business operations and investment decisions. The following are five main limitations on Californian business real estate laws that you should be aware of:
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