Los Angeles, CA
BOMA
Space Measurement Standard
Space Unit of Measure
USD
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Financial Data Currency
No
Transfer Taxes
Office Occupier Market Condition
Occupier Market Conditions – How conducive is the regulatory environment to starting and operating a business. Source: Colliers
Labor Cost – Wages for skilled office workers. Source: City Globe and Colliers
Tenant Favorable – Assessment of the real estate market condition for office space. Source: Colliers
Typical Loss Factor
15%From rentable to useable square feet
Landlord Concessions
Fit-Out Concession
Amount of Fit-Out Concession
$10/sf-$110/sfTypical range of fit-out contribution.
Fit-Out Cost Notes:
TI Allowance: $10 - $110Rent-Free Period
Standard Range of Rent-Free Months
3mo.-12mo.Typical number of rent-free months.
Rent-Free Period Notes:
Low figure: 3 rent-free months for a 3-year lease term.High figure: 12 rent-free months for a 11-year lease term.
Tenant Rep Broker Fee (New Leases)
Tenant Rep Broker Fee (Renewals)
Lease Provisions
Lease Term
3yrs.-11yrs.Typical lease term in years.
Operating Expenses & Service Charges Included
Lease Fundamentals: The following apply to both office and industrial leases.
Lease Execution Requirements:
Negotiated Subletting/Assignment
Landlord Consent: Typically, the landlord's written consent IS still required.
Statutory Subletting/Assignment
Landlord Consent: The Landlord's consent is still required.
Blend & Extend Strategies
Statutory Early Termination
Negotiated Early Termination
Early Termination Notes:
Cost: not typical, but if so, unamortized costs plus a penaltyWorkplace
Regional Office Space
150sf-250sfTypical Square Feet per employee (includes office square footage for employees and contractors).
Industrial Occupier Market Condition
Occupier Market Conditions – How conducive is the regulatory environment to starting and operating a business. Source: Colliers
Labor Cost – Wages for manuafacturing and warehouse/distribution office workers. Source: City Globe and Colliers
Tenant Favorable – Assessment of the real estate market condition for industrial space. Source: Colliers
Landlord Concessions
Fit-Out Concession
Amount of Fit-Out Concession
$1/sf-$5/sfTypical range of fit-out contribution.
Rent-Free Period
Standard Range of Rent-Free Months
1mo.-7mo.Typical number of rent-free months.
Rent-Free Notes:
Low figure: 2 rent-free month for a 5-year lease term.High figure: 6 rent-free months for a 10-year lease term.
Tenant Rep Broker Fee (New Leases)
Payment of Fees/Commissions Notes:
Procuring rep onlyTenant Rep Broker Fee (Renewals)
Payment of Fees/Commissions Notes:
Procuring rep onlyLease Provisions
Lease Term
3yrs.-10yrs.Typical lease term in years.
Operating Expenses & Service Charges Included
Additional Charges
$1/sf-$2/sfEstimated range in total for all additional charges per Square Feet.
Additional Charges:
Lease Fundamentals: The following apply to both office and industrial leases.
Lease Execution Requirements:
Negotiated Subletting/Assignment
Landlord Consent: Typically, the landlord's written consent IS still required.
Statutory Subletting/Assignment
Landlord Consent: The Landlord's consent is still required.
Blend & Extend Strategies
Statutory Early Termination
Negotiated Early Termination
Early Termination Notes:
Cost: not typical, but if so, unamortized costs plus a penaltyProject Management
Section 1. Fit Cost Data
Total Fit-Out Cost
Class A Office
Class B Office
Flex Office / Warehouse
Warehouse
Total Fit-Out Cost Notes:
The fit-out cost refers to the total cost of design, construction, and installation for a space. It includes categories such as materials, labor, furniture, fixtures, equipment, finishes and other related costs. The specific factors influencing the total fit-out cost can vary widely depending on the project scope, location, size of the space, quality of materials, and complexity of design.Construction to Move-in Cycle Time
Class A Office
Class B Office
Flex Office / Warehouse
Flex Office / Warehouse
Section 2. Scope of Work Description
Phase 1: Services Before and During the Transaction
Phase 2: Service Before and During the Design Process
Phase 3: Services Before Construction
Phase 4: Services During Construction
Additional Services: Services During Relocation
Additional Services: Project Management Services Related to Furniture/Workstation Procurement
Operating Environment Rankings reported on a scale of 1 (least favorable) to 10 (most favorable).
Human Capital
Labor Force Growth
Labor force growth rate (past 5 years)
Wage Inflation
Rise in wages (past 5 years, local currency)
Millennials
Proportion of population in the age 20-39 cohort
High School Education Equivalent
Proportion of population attaining this level
University Education Equivalent
Proportion of population attaining this level
Overall Education
Composite average of High School & University
Human Capital Composite
Business Climate
Innovation
Presence of innovative factors in economy
Economic Risk
Resilience of economy to unexpected events
Business Environment
Friendliness of business environment
Corporate Tax Rate
Favorable corporate tax rate
Business Climate Composite
Operating Environment Composite
Combined average score of Human Capital and Business Climate factors