Plan Now To Give Concessions To Existing Tenants Before They Ask

In the last few years, we have seen several trends for retail properties. Everything from positive outlooks, to dire feelings of ‘Are we on the brink of a retail apocalypse?’” Those thoughts are according to George Pino, CEO of Commercial Brokers International.

According to Pino, it can be quite disarming to try to determine what to believe. One thing though will remain a truth throughout all of the changes, he says. “If a landlord does not adapt to the changes we will see, then they are sure to bear the brunt of any downturn.”

Silicon Beach Continues Its Culver City Reach

There are several reasons why we will continue to see more technology based companies in Culver City; from proximity to Santa Monica, Venice and Downtown Los Angeles, to its growth potential and the city’s initiatives to make it more welcoming.

The extension of the Expo Line has already shown its impact on downtown Culver City.  It has made the transit from Downtown to Culver City then to Santa Monica, a daily possibility.  The tech hubs of Santa Monica and Venice can connect with Culver City and Downtown LA which is vital to Silicon Beach’s growth. It allows for these communities to easily communicate and commute to each other.  This type of collaborative approach to work is what allowed for growth in Northern California Silicon Valley.

Is Amazon the Start of the Apocalypse?

In the media, over the last 6 months or so, we keep hearing about retail apocalypse. News articles talk about the collapse of the retail industry. How these events are causing the demise of the retail commercial property network.  Although many retailers have been shuttering stores, including many legacy brands, is this a sign of the collapse of the retail market? Or could it be an indication of a shift in the consumer spending trends?