Author: Marketing Team
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A Quiet Surge in Demand: Industrial Real Estate in Orange County, Inland Empire & Los Angeles
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It is widely accepted that the commercial real estate market, as a whole, has taken a hit during Covid-19. Restaurants and brick-and-mortar shops have faced the worst of it as retail properties everywhere shut down. Office buildings have not fared much better as most companies sent their employees to work from home. The drop in…
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It’s safe to say that Los Angeles County’s office market is in an extended period of stability. Very few of the key indicators have experienced much change in the last quarter, year, or even three years. For example, between the first and second quarter the vacancy rate held constant at 10.5%, just as the availability rate held firm at 14.2%.…
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The Los Angeles County office market has been strong, experiencing 15 positive quarters of space absorption in the last 20 quarters alone. The start of 2018 was a departure from the trend, with total vacancy going the opposite direction, and increasing by a nominal amount. The direct vacancy rate remained unchanged primarily, notwithstanding a few fractions of a percent, however,…
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In 2017, Los Angeles’s office market experienced a reduced level of net absorption and rental growth relative to 2016. Why then does it seem that so many owners of office space throughout Los Angeles remain optimistic about the future? The answer might surprise you. The market’s success over the most recent years has been driven in large part by specific…
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The office and industrial space markets throughout Los Angeles have remained almost completely unchanged in their fundamentals over the past six months. Vacancy for office space is static at 10.7% across the county, a rate at which it has hovered since late 2016. Industrial space is in a similar situation, with vacancy rates continuing to hover between 2.2% and 2.3%.…
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One of the most impactful decisions a student can make after college is selecting a career path. Stressful? Yes. Intimidating? Definitely. Life changing? Absolutely. But where do you begin? While the feat may be intimidating, the path to getting there is obvious: do absolutely everything you can now to prepare yourself for success in the future. Feeling overwhelmed? You’re not…
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The Los Angeles office market consists of over 400 million square feet of space. It is so large that macro numbers describing the entire market cannot possibly tell the full story. For example, the countywide rental rate for office space increased from $2.85 per square foot to $2.92 per square foot during the first quarter, yet rents in Century City and Silicon…
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The Los Angeles real estate market had a very strong 2016. The office sector of the market experienced nearly 4 million square feet of positive absorption causing vacancy rates to drop from 11.0% to 10.3% from the prior year. This reduced the total supply of vacant office space to just over 42 million square feet relative to the market size…
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The real estate space market has continued to tighten across both office and industrial asset classes. Office vacancy rates countywide are currently at 10.6%. The last time they were this low was back in 2008. Industrial is a similar story, with an exceptionally low 2.3% vacancy rate. This is competitive with pre-recession vacancy levels. For example, industrial vacancy was at…
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Hughes Marino, one of California’s leading corporate real estate tenant-only advisory firms, was just ranked #7 in the nation by Fortune for the best small workplaces. Out of thousands of companies evaluated, Hughes Marino is the only commercial real estate company to be in the top 10 best rated companies. Hughes Marino has ranked in
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The most successful companies on the planet all share one thing in common. They are world-class recruiting machines and have mastered the art of identifying, securing, and training both the current and future superstars of the professional world. Perks are rampant, pay is high, and prestige unparalleled. It begs the question: What can small or medium-sized companies do to compete…