The California e-commerce industry has apparently been on an upswing in the Los Angeles area. However, it is clear from the area's retail vacancies that brick-and-mortar shops are still strong contenders. This is great news for those interested in purchasing buildings featuring commercial leases for retail business owners.
When people in Los Angeles think about real estate investing, they often lump residential property investing with investing in non-residential properties. However, the two are quite different. Here is a look at the difference between investing in a single-family residence, or SFR, and a property featuring commercial leases.
The growth of the prices of nonresidential properties in the United States, including Los Angeles and other parts of California, appears to have cooled off during the summer. However, some sectors of the commercial real estate market continue to experience quick sales price gains in spite of already being at record price levels. This may be welcome news for those interested in selling properties featuring commercial leases.
California business owners understand that unexpected complications can lead to both legal issues and financial losses. In some cases, the impact can be significant, and business owners see the importance of effective risk management and reducing the chance of problems. One practical way to avoid certain types of problems is to strategically negotiate the terms of any commercial lease.
Anthem Inc. is planning to depart from its Los Angeles Warner Center offices in 2019 for a new space nearby. That means a large building will soon be available for lease. In fact, it will be among the largest empty buildings featuring commercial leases in the City of Angels.