The average asking rent for office space in our Southern California markets set yet another record, increasing 5.3% over 2Q 2018 to $2.98/SF. Over the same time, the vacancy rate fell 30 basis points to 9.5%.

Los Angeles’ strong office market is growing and creative office is king among new office construction.

Vice President Jesse Paster of the Encino office made his way out to ICSC RECon to take part in the event. He shared three pieces of insight from his experience.

Executive Vice President R. Scott Martin, SIOR with NAI Capital’s Investment Services Group in the Pasadena office was recently honored by the Society of Industrial and Office Realtors® (SIOR), which represents the world’s elite in industrial and office brokerage, for its annual Top Transaction Office Sale of 2018 in the category of Top 50 Transactions.

Congratulations to the Top Brokers of March 2019.

This Earth Day we are highlighting some “green” building statistics in our local market.

California commercial property owners need to be aware that proposed reforms to California Tax Code could result in significantly increased property taxes on their holdings.

NAI Capital honored its brokers and staff for their success during 2018 with a luncheon, awards ceremony and networking mixer. Approximately 200 brokers, staff and management from each of the 15 office branches gathered at the event held at Convene in downtown Los Angeles to celebrate the awardees.

The United States is in the tenth year of the longest period of economic expansion in history, but it won’t last forever. If you’ve been watching or reading the news lately, chances are you’ve seen warnings of an impending recession. Whether it hits this year, next year or beyond, you should be prepared.

In 2018, average asking rent in the Orange County Office Market reached the highest level on record.