Many industries in Los Angeles and other parts of the country are increasingly focused on being environmentally friendly. Commercial real estate is no exception. For this reason, it is reasonable for investors to expect the market for properties featuring commercial leases to incorporate green technologies now and in the future.
Technology continues to transform the landscapes of many sectors of the economy in Los Angeles and elsewhere, and real estate is no exception. Specifically, augmented reality is expected to have an increasingly major impact on the market of properties featuring commercial leases. Here is a glimpse at what augmented reality is and how it may impact property owners in the years ahead.
California property managers have certain responsibilities regarding the health and safety of the people who live in their properties. One of the most practical ways to manage the risks associated with rental property is to ensure there are no dangerous substances or toxins present that could cause harm. Among the most potentially hazardous substances is lead paint.
Experts recently described the first few months of the year of 2019 as positive with regard to the market for non-residential properties. Part of the reason for this is that more investors are optimistic about the market for properties with commercial leases, in Los Angeles and elsewhere. Another reason for the positive view of the commercial real estate market is that people in general feel good about the United States' economic conditions overall.
According to experts, the market of non-residential properties is currently valued at $10 trillion. For this reason, investors who have been contemplating purchasing properties featuring commercial leases may be wise to jump into the real estate market this spring. Here is a look at a few ways in which investors in Los Angeles can figure out the values of the various commercial properties they are targeting.
Taking the plunge into the non-residential property industry in Los Angeles can most certainly be intimidating. The reason for this is that owning a property featuring commercial leases involves more than simply overseeing a physical building: it also involves managing people, and a business in general. However, a few tips may help new investors to navigate the world of property ownership.