Could COVID-19 Be the End of the Collaborative Open Office?

The traditional office will probably look very different in a post COVID-19 world. With so many people working remote, many companies are reevaluating their office space needs. While some business owners may want immediate tenant improvements to better optimize square footage; for example, to accommodate social distancing requirements to give employees more personal space, others […]

Do Tenant Improvements Qualify for Bonus Depreciation?

Tenant or leasehold improvements are improvements made by a landlord to attract or retain a tenant. The tenant can request specific customizations to the space’s interior to better suit their needs or preferences. These improvements can be paid for by either the landlord or tenant. This is all negotiated and outlined in the signed lease […]

What Does My TI Allowance Really Include?

Whether your company is looking for office space in a newly constructed development or a previously occupied space in an older building, the building owner will likely offer a tenant improvement allowance. A TI allowance is a dollar amount the landlord offers to cover the cost of any customizations you want done to the space. […]

Why Is Los Angeles Area Office Construction Booming?

Despite some mid-year projections that office construction would slow in 2019 due to increasing construction costs, current real estate cycle uncertainty and zoning issues, Los Angeles area office construction projects continue to rise as part of a commercial construction boom not seen in LA since the roaring twenties. In this blog post, we’ll take a […]

Understanding the Different Types of Tenant Improvements

Customizing a space you’d like to rent or lease to better suit your needs is called a tenant improvement. To defray the cost of this customization or buildout, a landlord will often offer a tenant improvement allowance. This is a sum of money, sometimes referred to as a TI allowance or a TIA, that’s put […]

Law Firm Office Spaces Are Becoming Smaller & More Collaborative

The size of the average law firm office has shrunk in overall square footage over the course of the last five years. While many associate this with the emergence of younger smaller firms, there are other factors playing into this. In this blog post, Los Angeles office construction contractors H.W. Holmes, Inc. look at a […]

LA Tech & Media Companies Get Higher TIAs – Here’s Why

2019 has seen a continuation of tech and media tenants grabbing up available office space in and around Los Angeles. According to commercial brokerage Savills, leasing activity in the second quarter of 2019 reached 5.3 million square feet – a three-year high. Leading this leasing frenzy are companies like Netflix, Amazon, Apple, Facebook, and Google. […]

Who Manages a Tenant Build Out?

Many offices, retail buildings, or restaurants consist of nothing more than four walls and a door when a prospective tenant first walks through. A tenant build-out is where this raw space is finished to meet that tenant’s specific needs. But build-outs bring on an array of questions. What type of improvements will be needed? Who […]

What Determines Your Tenant Improvement Allowance Amount?

If you’re a tenant about to sign a lease term of at least five years, the landlord will likely give you a tenant improvement allowance amount (TIA amount). This TIA from the landlord is generally quoted as a dollar amount per square foot. It should ideally cover most, if not all, of the costs associated […]

The Right Office Tenant Improvements Differentiate You from Competitors

The companies succeeding today aren’t the ones still saying “that’s how we’ve always done it.” They take chances. Branding to them isn’t just a cool logo or amazing website. They know that strategic branding extends to the workplace and office environment. Office design is the foundation your company’s culture is built on. It’s where workers […]

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