Fall Update Newsletter Content
Budgets and Business Plans
September ushers in budget season for most organizations. The piece emphasizes the importance of accuracy in financial projections, particularly regarding rent increases, IT costs, construction expenses, furniture, and moving fees. It advises clients to verify CAM reconciliations from landlords and work with experienced teams to "tighten your numbers and make sure they are realistic when it is time to execute."
Tenant Services
The market remains challenging, with "rent increases still a fact of life" and minimum lease terms becoming standard. The newsletter outlines five key services:
1. Lease Review — analyzing lease documents to identify renewal obligations and restoration requirements
2. Available Property Research — identifying nearby options and market rates
3. Renewal Proposals — strategic guidance on lease negotiations
4. Vendor Referrals — connecting clients with architects, IT providers, and contractors 5. Ongoing Support — gathering property information and providing market insights
Landlord Services
Rent growth patterns are slowing across the LA Basin. Select renovated properties continue performing well. Services include opinion of value assessments, digital marketing strategies (photography, 3D walkthroughs, social media targeting), and comprehensive market analysis.
Investor Services
Successful property managers are now capitalizing on profits and redeploying capital. Key services include broker opinions of value and 1031 Exchange analysis to identify suitable replacement properties.
Recent Successes
Notable transactions include a Costa Mesa industrial sale at $303 per square foot and new listings in Tustin and San Juan Capistrano, plus a multi-market assignment in Ohio and North Carolina.