Welcome to the brave, new world of office space

An open office space furnished with plants, grey furniture and a bright green accept wall extends into the distance were a lone professional stands at a window

While it sounds like this could “only happen in Los Angeles,” the trend of creative office space has spread throughout the nation, so get ready for a new and fascinating era of working in an office that is 180-degrees opposite of “our father’s office space.” Click here to learn more!

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State of the market – expensive!

Landlords vs tenants

Major Landlords are raising their rates by 1.5% a month. Annual increases are rising to 4%. Acting now will result in lower occupancy cost; do not wait. And the LA Times agrees with us.. Read the article: “LA County office market tightens in first quarter” Don’t forget: what drives pricing is competition and market knowledge.…

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Tenants be VIGILANT re: CAM & Operating Expenses & Reconciliations

People reviewing paperwork

CAM and Operating Expense Protection!  Shortly Landlords will be forwarding the reconciliation for 2014 and a projection for 2015 CAM and Operating Expenses.  These costs must be reviewed in detail to ensure Tenants are being charged appropriately. Leases typically provide a 30 to 60 day window to review.”

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Hot Market – Hollywood

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The planned consolidation of four major television networks in a new building in Hollywood indicates the growing importance of the office environment. “Tenants are willing to travel across markets for the right space … And tenants are paying attention to branding opportunities and what statement their real estate makes.” Read more from the LA Times…

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Now this is creative office space!

Lobby stairs

Whole Foods Market’s new Southern Pacific Regional Headquarters epitomizes the current trends in office design, while capturing the spirit of the brand, in an amazing space. Design: Wirt Design Group / Photography: Art Gray For more pictures and information, check out the Office Snapshot!  

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Ready to start saving time, money, and headaches on your commercial lease? Schedule a free consultation today with one of our skilled tenant representation specialists.