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.
The COVID-19 Pandemic has had a significant impact on everyone from all walks of life. For the homeless, some of our most vulnerable people in the community - the pandemic has magnified core issues like access to quality shelter, food, and medical care. In this context, Mercy House, one of Orange County’s largest homeless housing and service providers, saw a pressing need to expand its operations: Mercy House’s support was needed more than ever.
If you are an investor looking to purchase commercial property or an owner looking to sell, you're likely wondering what 2022 has in store for you. Most of the experts are telling us that recovery is on track. While the threat of Covid-19 still looming large, as indicated by the rise in cases globally from the Omicron variant in December 2021, there is still good news for commercial real estate (CRE).
Moving offices is sometimes a necessary choice you may have to make to keep up with the growing needs of your business. It is not an easy task though. There are quite a few logistical challenges that you need to overcome to move successfully, but the most critical bit is finding the right space.
Businesses and individuals in Orange County received an email on March 16, 2020 from the Orange County Operational Emergency Operations Area that read there was an order for stay in shelter through March 31, 2020.