Market Trends in Industrial Property 2022 — Prospective Industrial Tenants Be Aware

Nov 23, 2022 9:40:21 AM / by Julie Nguyen posted in Commercial Real Estate, Education, Resources, Industrial

Three quarters of 2022 saw lowered vacancy and increased asking rent for industrial listings compared to previous quarters. With an average vacancy of less than 2% and an average monthly rent of $1.45/SF, Orange County’s industrial market remains among the most competitive commercial markets compared to Los Angeles and the Inland Empire (CoStar). 

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Case Study — From Backyard to Business Center, Malaia's Microgreens

Oct 20, 2022 10:00:00 AM / by Julie Nguyen posted in Commercial Real Estate, Featured Clients, Industrial, Case Study

Aspect Real Estate Partners prides itself on helping clients develop and expand their small business by locating a space to help them find success. Our clients, Malaia and Jaebin from Malaia’s Microgreens, were able to find their success from humble beginnings. With Aspect’s expertise and perseverance, they were able to expand their farm into a 1,500SF warehouse in Irvine’s Airport Business Area.

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Usable vs. Rentable Space — Why it Matters

Jun 29, 2022 10:00:00 AM / by Julie Nguyen posted in Commercial Real Estate, Resources

For tenants seeking office space, it is important to distinguish between common terms used to determine square footage. You’ll often come across different terms describing the square footage, such as gross square footage, usable square footage, or rentable square footage.

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Go for a Broker — Why You Should Reach Out to a Commercial Broker

May 23, 2022 9:00:00 AM / by Julie Nguyen posted in Commercial Real Estate, Resources

Transitioning your business into a new space is often a difficult endeavor, from finding the right space, to negotiating lease terms; however, finding the right broker to represent you proves a much easier feat. The right broker can help you save time and money in searching for the ideal property for your business.

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Leasing vs. Buying Commercial Property — What to Consider as a Business Owner

May 10, 2022 9:00:00 AM / by Julie Nguyen posted in Commercial Real Estate, Leasing Commercial Real Estate, Buying Commercial Real Estate, Resources

When seeking the right space to house your business, location, property type, and price per square foot are among the most important factors to consider. While these factors are critical in ensuring a successful business, it is equally as important to examine whether you should lease or buy your own commercial real estate space.

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Case Study - Seaview Lutheran Plaza

May 3, 2022 10:15:00 AM / by Sierrah Scarpine posted in Commercial Real Estate, Commercial Real Estate Properties

 

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Hedging Against Uncertainty: How Will the Ukraine War Impact Orange County Commercial Real Estate?

Apr 26, 2022 8:00:00 AM / by Sierrah Scarpine posted in Commercial Real Estate, Commercial Real Estate Process, Commercial Real Estate Properties

The Russian invasion of Ukraine sent shockwaves across the world and propelled markets into deep uncertainty. The conflict is ongoing with no end in sight yet. The visceral international reaction toward the invasion and the subsequent imposition of sanctions have made the situation even more volatile.

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How Much Office Space Do I Need? How to Identify The Amount of Space that’s Right For Your Business

Apr 20, 2022 9:00:00 PM / by Sierrah Scarpine posted in Commercial Real Estate, Office Space, Commercial Real Estate Properties

Finding the right office space can be a challenge for any business, and with the uncertainty created by two years in a pandemic, it requires more consideration than ever. Any conversation about commercial real estate will start with the size (square footage) of the space you want to rent. This makes it easy for you and for your broker to narrow down potential properties and determine which one fits best.

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When it comes to negotiating a tenant improvement allowance there are several things to consider. Check out this blog to help you decide the tradeoffs!

Apr 18, 2022 10:30:00 AM / by Sierrah Scarpine posted in Commercial Real Estate, Leasing Commercial Real Estate, Office Space

Most commercial spaces require some amount of renovation before a new tenant can move in. Commercial leases for office, retail , and industrial spaces often include provisions for the landlord to help pay for improvements prior to the tenant moving in.

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Orange County Office Real Estate Trends to Watch Out For in 2022

Mar 29, 2022 9:00:00 AM / by Sierrah Scarpine posted in Commercial Real Estate, Office Space, Commercial Real Estate Properties

With California recovering from the pandemic the office space market in Orange County is slowly returning to normalcy. In this piece, we’ll be taking a look at some of the key trends we expect to observe in the office space market over the next few months. It’s important to note here that, given the current global turmoil, we might see the situation change considerably - we’ll be exploring those possibilities, too.

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