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.
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.
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.
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.
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.
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.
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.
As the economy gradually returns to post-COVID normality, office space is picking up in Orange County, though vacancy levels and rent growth have yet to return to 2019 levels.
You love the office space you are in, and you may have put in a lot of effort to get things to be exactly how you want. Why wait until that dreaded time approaches when you might be looking at higher rent - the end of the lease period? What can you do now?