THE REAL DEAL REAL ESTATE NEWS Los Angeles office cubicles could be swapped for walk-in closets and induction stovetops. More landlords are considering converting offices into condos or apartments as companies cut back on leases as they permanently adapt to remote work, the Los Angeles Times reported. While most haven’t acted, candidates for conversion are eying uncertain...

• calendar_month June 1, 2023
• category Los Angeles
• post Affordable Housing, Apartment, High-Rise Office, Housing, Los Angeles, Office Buildings, Rent, Vacancy

July 2023 Commercial Real Estate Market Insights Report National Association of REALTORS® Research Group   Summary Leasing velocity slowed down in commercial real estate during the year’s second quarter. While there is still much uncertainty about the total impact of the bank failures earlier in the year, there are rising concerns and speculation about wh...

• calendar_month August 8, 2023
• category Market Update
• post Commercial, economy, gross domestic product, High-Rise Office, hospitality, hotel, Industrial, inflation, multi-family, Office Buildings, Retail

Wellness, adaptable space and innovation are at the top of the list of one architecture firm’s predictions for popular commercial features in the new year. The looks of offices and buildings are changing in a post-pandemic world. Wellness has become a buzzword in the commercial space as more companies plan to prioritize amenities geared toward health and convenience in the workplac...

• calendar_month January 4, 2024
• category Commercial Real Estate
• post Commercial, Office Buildings, Real Estate News, Trends

In my opinion, opting for a turnkey commercial property can be a convenient choice, albeit at a higher cost. On the other hand, choosing a property that requires some tender loving care (TLC) might demand additional time, financial investment, and patience. However, the potential increase in the property's value at the conclusion of the process could make it a wise investment in the long ru...

• calendar_month January 14, 2024
• category Commercial Real Estate
• post Architecture, multi-family, Office Buildings, Real Estate Investment

  During the second month of the year, the Commercial Real Estate (CRE) market presented a mixed picture, with certain sectors showing resilience while others continued to face uncertainties and losses. The office sector has unquestionably borne the brunt of the most severe and persistent challenges than any other CRE category, and its outlook remains uncertain. The industrial sector ha...

• calendar_month April 11, 2024
• category Commercial Real Estate
• post Absorption, Current Real Estate, hotel, Industry, multi-family, Office Buildings, Retail

In the realm of commercial real estate, the concept of value addition (Value Add or Value Added) stands as a cornerstone for investors, developers, and stakeholders alike. It encapsulates a strategic approach that goes beyond mere property ownership or development. Instead, it focuses on actively enhancing the value of a property through various means. Whether it's optimizing space utilizat...

• calendar_month April 15, 2024
• category Commercial Real Estate
• post Commercial, Current Real Estate, Industrial, multi-family, Office Buildings, real estate, Real Estate Investment, resources, Retail

This blog by The Crexi Team talks about what happened with commercial properties listed on Crexi in April 2024. They looked at things like how much each square foot costs, what people were searching for, how many spaces were being used, and other important stats. The goal is to give you, the property owners, renters, and future investors useful information so together we can make smart and info...

• calendar_month May 28, 2024
• category Commercial Real Estate
• post Commercial Market Update, CRE, Current Real Estate, Industrial, Industry, multi-family, Office Buildings, Real Estate Investment, Real Estate News, Retail

In June 2024, the commercial real estate market experienced mixed performance across different sectors. Here's a snapshot: Office Sector: The office sector continued to face challenges with high vacancy rates. Nationally, vacancy rates hovered around 19.2%, approaching historic peaks. However, there is potential for repurposing some older office spaces into apartments or data centersâ...

• calendar_month July 16, 2024
• category Commercial Real Estate
• post Current Real Estate, Industrial, Industry, multi-family, Office Buildings, Retail