One of the drawbacks of having a home office is that it’s often hard to get any work done. “It’s the endless challenge for anybody who is at home to actually get anything done! “People are almost always struggling with what the rules are.”
Five of the 10 tallest skyscrapers in Los Angeles will soon be controlled by a Manhattan real estate company in one of the biggest shake-ups of the downtown commercial real estate market in decades. New jobs are being created so rapidly in Los Angeles area that developers would have to build the equivalent of Newport Center annually for the next decade in order to keep pace with demand for office space. A recent study showed that Orange County’s construction of commercial buildings over the next decade will increase by a third.
Within Los Angeles area, Hollywood Production Center provides the most flexible office space that is fully wired, fully serviced and fully furnished next to Sunset Gower Studios, Raleigh Studios, and Quixote Studios. With three locations located in the heart of Hollywood and Glendale and housed in stylish and sophisticated buildings, flexible office space at HPC is designed to be everything that producers, executives, accountants, designers, editors and writers need in one place. All of our executive office spaces being a tenant you get to take advantage of all the amenities that we provide including gym, all utilities paid, secure and valet parking, turnkey suites, security, car wash, masseuse, and personal trainer.
Flexible office space at the Hollywood Production Center is not the only thing that we pride ourselves. We provide flexible office space with exceptional customer service, but we also place a special emphasis on creating a sense of community and family among all of our flexible office space tenants and staff. With over 8 years in the business, our highly trained executive, on-site support personnel provide an exceptional level of executive customer service. Our staff is here to quickly respond and accommodate all of your executive office needs.
Office vacancy in Los Angeles County decreased in the fourth quarter in the first year-over-year drop since the economic boom year of 2006. The drop in vacancy to 18.4% was barely measurable at less than half of 1 percentage point, but it’s a further sign that the office rental market has reached an even keel and is poised for modest improvement, industry observers said. “We are at the point where we want to be. We are stabilized and going in the right direction,” said Joe Vargas, regional manager of real estate brokerage Cushman & Wakefield.
Downtown Los Angeles, during the third quarter, experienced its largest growth ever of commercial space. A record 2.8 million square feet of new office space was added to the inventory, making 23 million square feet of such space available, along with a vacancy factor of about 18%. While the developers of that ample supply may be uneasy, potential tenants should continue to enjoy a competitive leasing market as broker activity intensifies.
