2018 Commercial Real Estate Trends

Commercial real estate trends have revealed a new live-work-play lifestyle that is taking precedence in the Greater Los Angeles Area and Ventura County. Amazon has also been trying to find a new location for their second headquarters, HQ2. In this month’s blog, we discuss the new live-work-play real estate shift in the industry and where Amazon’s new headquarters might be moving.   The Live-Work-Play Lifestyle   The idea behind the live-work-play lifestyle is that you can do … [Read more...]

Lease Renewals: What is Fair Market Value?

As a business owner, you are not expected to know competitive rents, concessions, or what the fine print entails in your lease – landlords take advantage of this. When renewing your lease, how are you supposed to know what is considered fair market value? Does your lease contain an “option to renew” clause at fair market value (FMV)? Mazirow Commercial, Inc. discusses what fair market value is and the variety of factors that influence it.   What you don’t know will cost … [Read more...]

How is Commercial Office Space Measured?

Do you know if you are overpaying for your lease based on the space in your commercial building? Most tenants are unaware if they are overpaying because the guidelines for measuring commercial space are developed in the landlord’s favor, not the tenant’s. How do you measure commercial office space to know if you are being fairly charged or paying for a lost use of space?   The Guidelines There are two elements in measuring commercial office space: useable space and rentable space. … [Read more...]

Reconciliation of Operating Expenses and Estimates Statements

It’s the time of the year again when Tenants receive their Reconciliation for the past year and Estimate Statements for the current year for the operational costs for their office building from their Landlords.   Office leases are generally structured as a Full-Service Gross (FSG) lease or a Modified Gross lease (MG) that allow for Landlords to “pass-through” the increase in costs of operating their office building over the first-year’s operating expenses, which is included in the … [Read more...]

How To Get Your Office Security Deposit Back

  Customarily, commercial leases will detail how the tenant is supposed to prep the premises upon vacating as well as how to return items such as keys. It is important to carefully review the terms of your office lease as such information is often found under different, often misleading subsection headings, including Vacating of Premises, Possession of Premises, and Expiration of Lease. Information regarding security deposit refunds may also be scattered throughout the lease – so, again, … [Read more...]

Enjoy the Tenant Appreciation event? You, the Tenant, Paid For It!

  While you, the Tenant, may be excited that your Landlord has thrown a shindig just for you and your commercial neighbors to express their appreciation for your loyalty, don’t thank your Landlord just yet. More often than not, the cost of throwing a “Tenant Appreciation” event is hidden within the operational costs you agreed to pay each month.   Don’t let Landlords distract you with perks that you’ll end up paying for anyway. Instead, keep reading to educate yourself on … [Read more...]

The Startup’s Guide To Leasing Commercial Space

As an up-and-coming entrepreneur, you probably have your hands full. There are seemingly infinite hurdles in the first few years that could mean the life or death of your startup. And starting your own business isn’t for the weak – Elon Musk equates it to chewing glass. Yikes.   With so much on your plate, finding the perfect location with reasonable lease terms should be the least of your worries. That’s why we put together this short guide on what startups should consider when … [Read more...]

Welcome to the brave, new world of office space..

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!           … [Read more...]

Exciting Things For Office Tenants In Warner Center!

Proposed Ohm Square in Warner Center is a 369,000 square foot project consisting of high-end apartments and retail.  Second phase will incorporate a 19 -story hi-rise office tower! Mixed-Use Looks to Move Into Warner Center … [Read more...]

Facebook’s new campus exemplifies office trends

The design of office space and office buildings continues to be as progressive as technology. Creating a collaborative office environment, often with no private offices, is believed to be the wave of the future. Facebook's new office building certainly reflects this trend, which is no surprise. Click here to read the LA Times article about this new space, designed by Frank Gehry. … [Read more...]