This is a good time to remember that the “Mansion Tax” goes into effect on the first day of April 2023. Read on to learn more about this measure, including some recent news. What Is the “Mansion Tax,” Exactly? Measure ULA, also called the “Mansion Tax,” is a ballot measure approved by L.A. voters in…
Measure ULA (also known as “Mansion Tax”) is scheduled to go into effect on April 1, 2023, and as the date draws near, questions continue to arise. For example: does Measure ULA affect properties in Santa Monica? Here, we discuss this topic and offer more information about Measure ULA. What Is Measure ULA? Before we…
Absorption is a metric that helps understand supply and demand in commercial real estate. Here, we take a detailed look at absorption, including a basic definition and the different types of absorption. What Is Absorption in Commercial Real Estate? Simply put, absorption in commercial real estate is a metric that shows the pace at which…
A letter of Intent is a fundamental document in commercial real estate. In today’s post, we discuss some of the most important aspects of letters of intent, including a basic definition and the typical elements included in a letter of intent. What Is a Letter of Intent in Commercial Real Estate? A Letter of Intent,…
In a triple net lease, the tenant is responsible for real estate taxes, maintenance, and insurance. But what is the landlord responsible for? In today’s post, we provide an answer and offer an overview of net leases. What Is a Landlord Responsible for in a Triple Net Lease? In a triple net lease (commonly known…
“Flex industrial space” is a term you have probably heard thrown around quite often. But what is it, exactly? In today’s blog post, we offer a definition of flex industrial space, along with a classification of flex spaces, and some examples taken from the California Commercial Real Estate scene. What Is Flex Industrial Space? Flex…
When it comes to warehousing, there are several solutions available depending on the storage needs of a company. Whether you are a landlord or a tenant, knowing the differences between options such as public warehouse, contract warehouse, and private warehouse is paramount to your success. What Is a Public Warehouse? A public warehouse is a…
According to a statement, proponents of The Taxpayer Protection and Government Accountability Act have gathered enough signatures to put up the initiative for a statewide vote in 2024. Keep reading to learn more. New State Ballot Initiative Seeks to Invalidate L.A’s Mansion Tax Costar and The Real Deal report that proponents of a new state…
According to Commercial Edge’s latest industry report, deliveries of industrial assets reached a record high of 450 Million Square Feet in 2022. In other interesting findings, the Inland Empire led the U.S. in rent growth and warehouse sales fell 30%. U.S Industrial Market Registers Record of Deliveries in 2022 Commercial Edge published its National Industrial…
With all the inflation talk going on these days, this is the ideal time to take a look at CPI and PPI, the two most common inflation indicators, and their impact on commercial real estate. Keep reading to learn more. CPI vs. PPI: Which Metric Is More Important in Commercial Real Estate? As you know,…