Many people are not entirely aware of what commercial real estate attorneys are, and what their job truly is. That’s one of the common reasons why people don’t know what to look for when they need to hire a commercial attorney.
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We have another market update for Santa Monica Commercial Real Estate - Santa Monica retail stores continue to be strong with low cap rates and average prices/sf above $1,150.
Rent growth is at 1.5% with only 15,000 sf of new retail #construction to be delivered in the next 4 quarters.
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When working with an office tenant, one of the first questions we ask is, “How much space do you need?” Surprisingly, many times a client isn’t sure, or has unrealistic expectations of their size requirements. In the past, office buildings were built to accommodate approximately 3 or 4 people per 1,000 square feet of rentable space. With rent being one of the highest expenses for a company, many organizations have looked to place more people in the same square footage. Why is this not always feasible? Well there are a few reasons:
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I’m often asked “as a first time investor, what should I be doing”? I believe a better question is “as a first time investor, what can I learn from other investors based on the mistakes they’ve made”? Keeping this in mind, I put together a list of the top 10 mistakes first time real estate investors usually make, to help others that are in same boat.
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CEO of Commercial Brokers International George Pino, discusses when to start looking for, what to consider, and when to make an offer on Commercial Office Space.
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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.
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