Market Trends
Participate in BOMA/GLA’s Operating Benchmark Report Survey!
We have launched a new survey to gather information that will provide valuable insights for building owners and managers. The Operating Benchmark Report will show the average costs for running a commercial property in Greater LA.
The report is a comprehensive survey that covers a wide range of operating expenses, such as utilities, maintenance, insurance, and taxes.
It will provide invaluable data to property owners and managers. But only if you participate!
Writers Guild of America Members Begin Strike
Writers Guild of America union members have officially begun a strike after not being to complete a deal with the Alliance of Motion Picture and Television Producers.
Read MoreWriters Guild of America Votes to Authorize Strike
Members of the Writers Guild of America union have voted to go on strike if a deal with the Alliance of Motion Picture and Television Producers is not reached by May 1st.
Read MoreHow to Keep Up Amid Industry Change
In the fast-evolving commercial real estate industry, staying current on the latest trends and issues impacting your business is no easy feat—especially in these unprecedented times. With so many pandemic-accelerated changes on the horizon, how can today’s property professionals keep up with …
Read MorePost Labor Day Survey – Are Tenants Returning?
Post Labor Day Survey – Are Tenants Returning? Covid-19, Market Trends Recently, BOMA/GLA surveyed a select number of members asking whether tenants have returned and what their plans are. Many managers had expected tenants to return after Labor Day, so our results are a snapshot of what’s happening now around the region. While the results…
Read More2021 LA County Assessment Roll Reveals Countywide Real Estate Growth
On July 15th, the LA County Office of the Assessor officially released the 2021 edition of the Assessment Roll, which lends insight into the health of the real estate industry. According to the roll, the real estate market has shown immense resilience during the pandemic, and is on a road towards economic growth. With …
Read MoreBOMA International Releases Guide to EV Charging Stations
BOMA International Releases Guide to EV Charging Stations EV Charging Station, Market Trends, Parking Based on current market trends, electric vehicles are expected to make a substantial impact on transportation and the economy. In fact, by 2030, over one-third of vehicles on American roads are projected to be electric. As such, the number of EV…
Read MoreIs ‘Office Space Dead’ After COVID? Far From It.
Within mere weeks of COVID-19 and remote working, commentators had written the obituary for office space, claiming that the post-pandemic life would spell the end for traditional work spaces and commercial real estate. However …
Read MoreLA Launches LA Optimized to Support Small Businesses
Launching early next year, LA Optimized is a new program offered by Los Angeles to support small businesses impacted by the COVID-19 pandemic. Due to increased levels of unemployment and uncertainty, many newer businesses have found it more difficult to …
Read MoreThe Future of Shared Workspaces: Unventured, But Promising Investments
Over the past two years, the future of shared workspaces seemed dark and at a dead end. With demand for coworking space at an all-time low and with COVID-19 creating a transition to remote working, it felt like major companies like WeWork were quickly losing relevance. However, recent events prove that the shared workspace industry is still alive, and has so much potential for innovation and growth.
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