Richard Murillo Real Estate Services

Yeah working at 12 am let's go

Work after work 😊 paying the cost to be the boss 😁

Living my best life

Let's get it

Greater Los Angeles

Uptick in leasing activity outpaced by greater space give-backs
The vacancy rate increased to 3.4% in Q2 2024 driven by 3.9 million sq. ft. of negative net absorption.
The availability rate increased by 170 basis points (bps) year-over-year to 5.6% from 4.9% in Q2 2023.
Sublease space retreated, measuring just 0.3% of vacancy and 1.0% of availability in Q2 2024.
The average direct asking rate increased by $0.02 to $1.54 NNN quarter-over-quarter. Since reaching its peak in Q3 2022, the average asking rate has declined by 7.8%.
Third-party logistics and apparel firms together accounted for nearly one-half of the top 25 leases in Q2 2024.
The top sale transaction of the quarter was Invesco’s acquisition of 8901-8945 Canoga Ave in Canoga Park from AEW Capital Management for $57M or $369 per sq. ft.

Dear Commercial tenants question for you regarding your lease if the exterior of your building is improved do you have to cover the cost?

Keep going until it hurts 💪 then keep going ❤️

Are you protected when signing a commercial lease agreement

Driven event time to build new skills and be around like minded people

Loving the views

Lunch at the studio why not let's discuss some new business

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