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The market for nonresidential properties appears to be relatively robust in Southern California. This is evidenced by the fact that the renters of large office spaces in Orange County and Los Angeles are jumping on their lease renewals early. Research shows that office tenants that are occupying at least 75,000 square feet of properties featuring commercial leases are renewing their leases 22 months ahead of time on average. This trend has been going on since 2012. By renewing their leases 22 months early, tenants can make the most expedient economic decisions for themselves and weigh increasing rents. They usually need a lot of lead time for finding new locations if their current spaces’ physical attributes or economics no longer work for them. In addition, if tenants need large blocks, this can be hard to find or take landlords a while to assemble. However, smaller tenants — those occupying under 75,000 square feet — are not renewing their leases as quickly. Still, the cost of renewing a lease is typically a lot lower than relocating to a new space, which is why lease renewals are so popular among tenants. Recent research showed that all in all, commercial renters are leasing about 135,000 square feet on average and that their lease terms are 101 months on average. An increasing number of these spaces are being used as co-working spaces, with Los Angeles being the nation’s second-biggest co-working market. Leasing commercial spaces can be both exhilarating and intimidating for business owners in Los Angeles due to the stiff competition that exists in this area of California. However, an attorney can provide aspiring tenants with the guidance they need to secure the best commercial leases for their needs. This includes reviewing a lease agreement and negotiating it before a business owner signs on the dotted line.

The market for nonresidential properties appears to be relatively robust in Southern California. This is evidenced by the fact that the renters of large office spaces in Orange County and Los Angeles are jumping on their lease renewals early. Research shows that office tenants that are occupying at least 75,000 square feet of properties featuring commercial leases are renewing their leases 22 months ahead of time on average. This trend has been going on since 2012. By renewing their leases 22 months early, tenants can make the most expedient economic decisions for themselves and weigh increasing rents. They usually need a lot of lead time for finding new locations if their current spaces’ physical attributes or economics no longer work for them. In addition, if tenants need large blocks, this can be hard to find or take landlords a while to assemble. However, smaller tenants — those occupying under 75,000 square feet — are not renewing their leases as quickly. Still, the cost of renewing a lease is typically a lot lower than relocating to a new space, which is why lease renewals are so popular among tenants. Recent research showed that all in all, commercial renters are leasing about 135,000 square feet on average and that their lease terms are 101 months on average. An increasing number of these spaces are being used as co-working spaces, with Los Angeles being the nation’s second-biggest co-working market. Leasing commercial spaces can be both exhilarating and intimidating for business owners in Los Angeles due to the stiff competition that exists in this area of California. However, an attorney can provide aspiring tenants with the guidance they need to secure the best commercial leases for their needs. This includes reviewing a lease agreement and negotiating it before a business owner signs on the dotted line.

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. The figure for Los Angeles County retail vacancies during 2018’s second quarter is 4 percent. This is a slight jump from last year, when the figure for vacancies rested at 3.9 percent. On top of this, the current year’s figure is far smaller than the vacancy rate of 5.9 percent seen back in 2009. Prices for retail properties in the Los Angeles area are between $6 and $10 per square foot in a popular location. However, they can easily jump to $90 for a single square foot in areas such as Beverly Hills’ Rodeo Drive. The trend taking place in Los Angeles stands in contrast to what is taking place on the East Coast — specifically, in New York City. The Big Apple has witnessed an alarming jump in retail vacancies over the past two years. In light of the above findings, Southern California appears to be a promising location for investing in retail properties. However, the process of purchasing a building featuring commercial leases can understandably be complicated, especially for anyone who has not navigated this process before. Fortunately, an attorney in Los Angeles can provide commercial real estate investors with the direction they need to successfully execute their deals time and time again in the Golden State.

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. The figure for Los Angeles County retail vacancies during 2018’s second quarter is 4 percent. This is a slight jump from last year, when the figure for vacancies rested at 3.9 percent. On top of this, the current year’s figure is far smaller than the vacancy rate of 5.9 percent seen back in 2009. Prices for retail properties in the Los Angeles area are between $6 and $10 per square foot in a popular location. However, they can easily jump to $90 for a single square foot in areas such as Beverly Hills’ Rodeo Drive. The trend taking place in Los Angeles stands in contrast to what is taking place on the East Coast — specifically, in New York City. The Big Apple has witnessed an alarming jump in retail vacancies over the past two years. In light of the above findings, Southern California appears to be a promising location for investing in retail properties. However, the process of purchasing a building featuring commercial leases can understandably be complicated, especially for anyone who has not navigated this process before. Fortunately, an attorney in Los Angeles can provide commercial real estate investors with the direction they need to successfully execute their deals time and time again in the Golden State.

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. Unlike investing in SFRs, investing in commercial properties focuses on acquiring, developing, leasing and operating a variety of types of property. These property types include apartments as well as retail, office, hospitality and industrial properties. Still other commercial property types include senior living, self-storage and student housing. On the flip side, investing in an SFR usually consists of purchasing, leasing and operating a single-unit dwelling. An SFR’s value drivers include the value of the land, the structure’s value and the supply/demand premium, which is a reflection of submarket dynamics. Commercial real estate has these same value drivers, although it also has an additional one: net operating income, also known as NOI. NOI refers to revenue obtained from a property minus one’s operating expenses. This particular value driver is exceptionally large and thus can have a major impact on the value of an asset — especially in real estate markets featuring high rents. Getting into real estate investing can certainly be exciting due to the great income potential that exists in the current market. However, investing in properties featuring commercial leases can especially be tricky. Fortunately, an attorney can provide aspiring investors with the guidance they need to successfully navigate the legal side of any real estate transaction in Los Angeles.

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. Unlike investing in SFRs, investing in commercial properties focuses on acquiring, developing, leasing and operating a variety of types of property. These property types include apartments as well as retail, office, hospitality and industrial properties. Still other commercial property types include senior living, self-storage and student housing. On the flip side, investing in an SFR usually consists of purchasing, leasing and operating a single-unit dwelling. An SFR’s value drivers include the value of the land, the structure’s value and the supply/demand premium, which is a reflection of submarket dynamics. Commercial real estate has these same value drivers, although it also has an additional one: net operating income, also known as NOI. NOI refers to revenue obtained from a property minus one’s operating expenses. This particular value driver is exceptionally large and thus can have a major impact on the value of an asset — especially in real estate markets featuring high rents. Getting into real estate investing can certainly be exciting due to the great income potential that exists in the current market. However, investing in properties featuring commercial leases can especially be tricky. Fortunately, an attorney can provide aspiring investors with the guidance they need to successfully navigate the legal side of any real estate transaction in Los Angeles.

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. Of all of the types of commercial assets, apartments experienced the largest monthly gains of a little more than 1 percent in July. In addition, they experienced the greatest year-over-year increases of 12 percent. Retail additionally saw a price increase of nearly 2 percent. The sales prices of office properties also increased more than 7 percent. Office properties in suburban areas were especially in demand. Meanwhile, the prices of industrial assets decreased during the month, dropping 0.3 percent, although these assets were the only ones that experienced a decline. With properties featuring commercial leases remaining hot, now might be a smart time to sell these properties for a profit. At the same time, investors may be interested in purchasing these highly valued properties with the goal of generating consistent income from them and eventually selling them for a profit. The challenge for many individuals, though, is figuring out how to navigate a commercial real estate deal — particularly when they have never been through the process. Fortunately, an attorney in Los Angeles can help both buyers and sellers to successfully complete their real estate transactions while ensuring that their best interests are protected each step of the way.

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. Of all of the types of commercial assets, apartments experienced the largest monthly gains of a little more than 1 percent in July. In addition, they experienced the greatest year-over-year increases of 12 percent. Retail additionally saw a price increase of nearly 2 percent. The sales prices of office properties also increased more than 7 percent. Office properties in suburban areas were especially in demand. Meanwhile, the prices of industrial assets decreased during the month, dropping 0.3 percent, although these assets were the only ones that experienced a decline. With properties featuring commercial leases remaining hot, now might be a smart time to sell these properties for a profit. At the same time, investors may be interested in purchasing these highly valued properties with the goal of generating consistent income from them and eventually selling them for a profit. The challenge for many individuals, though, is figuring out how to navigate a commercial real estate deal — particularly when they have never been through the process. Fortunately, an attorney in Los Angeles can help both buyers and sellers to successfully complete their real estate transactions while ensuring that their best interests are protected each step of the way.

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. The 450-square-foot tower, which stands 14 stories tall, has housed the health insurance company for around 40 years. Its large size makes it seven times the size of the White House. In addition, the 25 acres surrounding the building could be developed in the future. Once Anthem vacates the tower, which local private investors own, the building will be upgraded and refurbished for brand-new tenants. The office complex to which Anthem is moving stands six stories tall but is only one-third of its current property’s size. The lease that Anthem will have at its new location, which was erected 10 years ago, is valued at around $90 million. A number of business owners in California may be interested in taking advantage of the commercial leases that will soon become available at Anthem’s current location. However, going through the process of signing such a lease can be tricky, with the wrong move potentially having adverse financial impacts. Fortunately, an attorney in Los Angeles can review a landlord’s lease agreement and assist a business owner in negotiating the lease. The attorney’s ultimate goal is to make sure that the aspiring tenant’s rights and best interests are protected and fully considered before he or she signs on the dotted line.

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. The 450-square-foot tower, which stands 14 stories tall, has housed the health insurance company for around 40 years. Its large size makes it seven times the size of the White House. In addition, the 25 acres surrounding the building could be developed in the future. Once Anthem vacates the tower, which local private investors own, the building will be upgraded and refurbished for brand-new tenants. The office complex to which Anthem is moving stands six stories tall but is only one-third of its current property’s size. The lease that Anthem will have at its new location, which was erected 10 years ago, is valued at around $90 million. A number of business owners in California may be interested in taking advantage of the commercial leases that will soon become available at Anthem’s current location. However, going through the process of signing such a lease can be tricky, with the wrong move potentially having adverse financial impacts. Fortunately, an attorney in Los Angeles can review a landlord’s lease agreement and assist a business owner in negotiating the lease. The attorney’s ultimate goal is to make sure that the aspiring tenant’s rights and best interests are protected and fully considered before he or she signs on the dotted line.

The economy is currently growing and is continuing to stabilize. As a result, those who buy properties featuring commercial leases are expected to fare well. Sellers of commercial real estate in Los Angeles and elsewhere should likewise thrive in the current commercial real estate market. Interest rates have a lot to do with the success that many commercial real estate buyers and sellers are experiencing today. With today’s lower rates, buyers are paying lower monthly payments. This means they can more easily purchase more property. At the same time, having lower interest rates means that buyers can pay more, which is good news for sellers. In addition, the economy continues to grow, thanks to today’s low unemployment. The commercial property market is also flourishing, due in part to the fact that the residential real estate market is thriving. Many new commercial developments are being residentially pushed. After all, many millennials desire homes downtown, where they can enjoy urban living, but they also desire easy access to various amenities based on their live/play/work mentality. Now appears to be an ideal time to jump into the commercial real estate market in Los Angeles and elsewhere. Of course, navigating a transaction involving a property featuring commercial leases is nothing like going through a residential real estate transaction. A lack of understanding about how to complete commercial deals can unfortunately cause a person to lose out on an excellent real estate opportunity. Fortunately, an attorney in Los Angeles can provide real estate buyers and sellers with the guidance they need to seal the deal with confidence and protect their best interests each step of the way.

The economy is currently growing and is continuing to stabilize. As a result, those who buy properties featuring commercial leases are expected to fare well. Sellers of commercial real estate in Los Angeles and elsewhere should likewise thrive in the current commercial real estate market. Interest rates have a lot to do with the success that many commercial real estate buyers and sellers are experiencing today. With today’s lower rates, buyers are paying lower monthly payments. This means they can more easily purchase more property. At the same time, having lower interest rates means that buyers can pay more, which is good news for sellers. In addition, the economy continues to grow, thanks to today’s low unemployment. The commercial property market is also flourishing, due in part to the fact that the residential real estate market is thriving. Many new commercial developments are being residentially pushed. After all, many millennials desire homes downtown, where they can enjoy urban living, but they also desire easy access to various amenities based on their live/play/work mentality. Now appears to be an ideal time to jump into the commercial real estate market in Los Angeles and elsewhere. Of course, navigating a transaction involving a property featuring commercial leases is nothing like going through a residential real estate transaction. A lack of understanding about how to complete commercial deals can unfortunately cause a person to lose out on an excellent real estate opportunity. Fortunately, an attorney in Los Angeles can provide real estate buyers and sellers with the guidance they need to seal the deal with confidence and protect their best interests each step of the way.