Author: Sarah Cantino

The answer to office space vacancies? Build more.

The office space leasing market has seen a small change in favor of landlords in recent months. The average office vacancy rate in Los Angeles, Orange County, Riverside and San Bernardino was: 17.5% in the third quarter of 2013 (Q3 2013); and 18.4% in Q3 2012. The average rental rate in the same counties was: $2.33 a square foot in Q3 2013; and $2.28 a square foot in Q3 2012. West L.A. is faring better than other regions since many of its tenants are in either the entertainment or technology industries, both of which are flourishing. However, current trends...

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Is mobilehome park management exempt from their own no-rental policy?

An opinion was requested of the California Attorney General on whether mobilehome park management may rent mobilehomes in their park if they have enacted rules prohibiting owners of units in the park from renting or subleasing their mobilehomes to others. The Attorney General concluded mobilehome park management may not rent a mobilehome if they previously established rules prohibiting mobilehome owners from renting their mobilehomes unless: the park management only rents the mobilehome to park employees; and renting the mobilehome to employees is necessary to fulfill their management responsibilities. [Ops.Cal.Atty.Gen (July 26, 2013)] Editor’s note — The relationship between mobilehome...

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Zestimates are great conversation starters with sellers and buyers. Zillow has done more for our bottom line than NAR ever has or will. Don’t fight the current of the river, learn to run with it. Disruption is inevitable in any industry that is fragmented or inefficient. Granted, it does feel like armchair experts and platforms are plentiful in real estate these days, but when the tide rolls out we will see the value proposition of the truest professionals in this industry shine once again.

Justin Bonney, on Zillow’s impact on the real estate industry

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