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.
Read MoreImprovements 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.
Joe Killinger joins real estate agent Sturai Yusufi to discuss why both agents and buyers should use an exclusive representation agreement. Sturai is a multifamily specialist in the Greater Los Angeles area. Joe's Social Media
Read MoreLocation 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.
Read MoreAn exclusive Buyer/Tenant (“Client”) representation agreement is an agreement that says that a specific Broker/Agent will represent the Client for the purchase or lease of real estate. It can be for a designated duration of time, a specific geographical area, a particular type of property, one specific property or a combination of any of the above.
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