The fourth quarter of 2015 concluded with decreased vacancy rates and positive net absorption in both Los Angeles and Orange Counties. The average office building vacancy rate in Los Angeles County at the end of the fourth quarter decreased to 11.0% (Class A is 14.0%), down 0.5% from the end of 2014. In Orange County,...Read More
Short answer… It might depend on your neighbor’s lease… I was recently negotiating on behalf of a client to sublease space from another tenant in their existing building. We agreed to terms and the sublessor submitted the sublease for the landlord’s approval. Even though there was no directly available space in the building, the landlord...Read More
As a tenant rep I have to take a pretty hard line on landlords to ensure my clients get a good deal and that the “benefit of the bargain” is properly documented in the lease. But it is important to note that the relationship between the landlord and tenant is a long term one, and nurturing that...Read More
With 2014 behind us, we see the market shifting from a Tenant’s Market towards a Landlords market. Vacancy rates are trending down over the last three to four quarters and rental rates are increasing. The average office building vacancy rate in Los Angeles County at the end of the 4th quarter is 11.5% (Class A...Read More
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