Commercial Brokers International is a group of experienced commercial agents that have a strong background in analysis and marketing. We believe that our clients' best interests should always be foremost in all of our undertakings.
Simply put, a big part of today’s real estate investment opportunities involve these value-add properties – projects that strive towards re-positioning a property to a high price point through renovation or redevelopment.
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.
Every year brings something different when it comes to market trends, especially in real estate. There have been several years of low-interest rates and substantial growth in property values, ever since the 2008 recession ended.
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.
Every 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.
