It has long been a question that has puzzled many commercial property owners. Many accountants suggest it, but it's worth is still rarely clear.
Many owners barely even understand how it operates and is thus unable to determine its worth. As that’s the case, we’ll thoroughly explain what it is and what’s it for, but more importantly, whether or not it is worth it in the overall picture.
Read MoreProp 10 has come and gone but how has the outcome effected the rent control market and what does it mean for the future of commercial real estate? Watch George's thoughts on Prop 10 above.
Read Moreby 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.
Read MoreGone 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.
Read MoreLocation location location… We all know how important it can be to the success of a retail business, but is it as important for an office location? I think it is. When looking for retail locations, I’ve identified key metrics in determining the right location; demographics, traffic/traffic counts; ease of access and visibility, competition and zoning. Finding the right location for an office can be just as critical, but owners should take into consideration additional factors before deciding on their office location.
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