When Should You Start Looking for a New Office Space?

by George Pino

I receive calls like this almost every week…. “Hello, my lease is expiring and I need a new office space” or “Hi, we’re moving our company to Los Angeles and we need new office space.” 

Inevitably, when I inquire about their timing they say they’re in need of a new space in one or two months. Although that time frame is possible it brings difficulties. A big misunderstanding among first-time commercial lessees, as well as many experienced lessees is that a commercial space can be found, negotiated, and leased within a couple of weeks.

New Generation Of Office Tenants Prefers A Flexible Office Environment

Gone are the days of sitting for hours behind a line of desks and in compartmentalized cubicles in front of bulky computers. 

Workers want more natural light, interaction and collaboration with colleagues, to have the ability to work outside and have access to other amenities in or around the office building, panelists said at Bisnow's Los Angeles Office: Workplace of the Future event Wednesday at the Convene coworking space at the Wells Fargo Center in downtown Los Angeles.

Children’s Place turnaround continues with highest comp gain ever

A slimmed down The Children’s Place blew past analysts’ estimates in its second quarter amid increased traffic at its mall stores.

The Children’s Place has shrunk its portfolio in recent years. In 2013, it announced a “fleet optimization” initiative to shutter 300 stores by 2020. Since then, the retailer has closed 191 stores.

Net income totaled $7.5 million, or 45 cents a share, in the quarter ended Aug. 4, down from $14.3 million, or 79 cents a share, in the year-end period. Higher interest payments and a much higher provision for taxes affected earnings. Adjusted per-share earnings came to 70 cents, ahead of analysts’ estimates of 59 cents.