How Apartment Rents Can Impact Commercial Real Estate

This past January, a new study came out that shocked me. Even more shocking is that many people didn’t seem to register the impact of the study, or just overlooked it. What I’m talking about is the study that compares apartment rent costs across the country. With an average price of $4,799, Santa Monica now has the highest apartment rents in the nation, followed by New York. Even more surprising is that Venice, just to the south of Santa Monica is now rated number 5 in the nation, having the dubious distinction of beating out San Francisco. Other than making apartments look like a good investment for the future, what does this mean for our local economy?

George PinoMay 16, 2017multifamily, commercial real estate, rents, Santa Monica, Venice, Los Angeles, Retail, Apt Rent ArticleComment

The 5 Most Expensive CRE Property Listings in LA County – April 2017

Jose PonceMay 9, 2017Top 5, multifamily, Mixed Use, flex, landComment

CRE is Finally Catching Up with the Times & Adopting New Technology

George PinoMay 2, 2017Technology, commercial real estateComment

VIDEO: Tips to Renegotiate Your Commercial Lease & Potentially Save $$$

George PinoApril 27, 2017lease, CRE, Advice, real estateComment

Tips to Renegotiate Your Commercial Lease & Potentially Save $$$

It’s been almost five years since you started your company, and you’ve done better than most companies out there… you’re still in business. As you move forward you have many things to consider. One important, but often overlooked, area of business is the commercial lease. A commercial lease can be one of the biggest investments for a company with larger leases costing millions of dollars over the lease term. Savings for these larger leases can amount to hundreds of thousands of dollars when negotiated correctly.

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