
Posts by David Marino
Reducing Real Estate Expenses by “Restructuring” a Commercial Lease
David Marino on January 21, 2021

When the business community begins to open back up this year, many business owners and executive teams are going to look around at all of their excess space remaining from reductions in force and team members working from home post-Covid and wonder what to do about it. With the business community considering how to rebuild their organizations, there will be anemic demand for new office space. Those office tenants already planning to come back are generally thinking they need 50%-80% of their pre-Covid footprint. As tenants’ leases expire, the commercial real estate market is experiencing “negative net absorption” as tenants with office leases expiring downsize and give space back in droves. At the same time, both sublease inventory and space given back to landlords from tenant defaults is flooding the market. This combination of weak demand and spiking supply is causing commercial rents to crash, and a spiking in concessions such as free rent, moving allowances, parking concessions and shorter lease terms, creating the strongest tenants’ market since the 2000 Tech Wreck.
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Prop 15—The Tax Increase on Commercial Tenants You Don’t See Coming

COVID-19’s Effect on San Diego’s Commercial Real Estate Market; The Damage Being Done, and What’s to Come in the Future

The Art of Subleases—Risks, Tips & Landmines

The Canary in the Coal Mine Stops Singing…

Commercial Real Estate Market in San Diego Has Winners & Losers at End of 2019–What Now?

There is no “T” in BOMA

Another Tax Increase on Business That You Likely Are Not Prepared For

San Diego Commercial Real Estate Market a Mixed Bag

San Diego Commercial Market a Snooze, other than for UTC & Biotech

UTC-The Hottest Market in San Diego History

Mixed Signals Wrapping Up 2018 with Offsetting Optimism for 2019

Spaces We Love: AbacusNext’s Bright and Energizing Office

A Cooling San Diego Market
& Concerns for 2019

David Marino
David Marino is executive vice president of Hughes Marino, an award-winning commercial real estate company with offices across the nation. One of the top commercial brokers in all of Southern California, David possesses unrivaled, comprehensive market knowledge, and writes regularly about San Diego commercial real estate on his blog, Suburban Scoop. Contact David at 1-844-662-6635 or david@hughesmarino.com to learn more.