Office sublease

NEW LEASE ACCOUNTING IS A NIGHTMARE

NEW LEASE ACCOUNTING IS A NIGHTMARE Presented by: Forrest Blake | Senior Vice President | SVN Commercial | 310-850-2381 | Lic # 01054174 WHAT IS HAPPENING? Financial Accounting Standard Board (FASB) has created new guidelines on how a company will report their lease obligations. Leases beyond twelve months will be required to be moved onto the balance sheet. Firms must record all future lease payments for the term of the lease as a liability at the start of the lease. Additionally, tenants will be required to include extension options. FASB TIME LINE POSSIBLE TROUBLE FOR TENANTS POSSIBLE...

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Office Space Is Getting Smaller

Office Space Is Getting Smaller Presented by: Forrest Blake | Senior Vice President | SVN Commercial | 310-850-2381| Lic # 01054174 Forrest Blake | Senior Vice President SVN | Commercial - DTLA 800 South Figueroa Street, Suite 925, Los Angeles, CA 90017 Phone 213.618.4196 | Mobile 310.850.2381 forrest.blake@svn.com | www.svn.com CalDRE# 01054174

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COMMERCIAL LEASES CHANGING TO A LIABILITY ON THE BALANCE SHEET IN 2019

COMMERCIAL LEASES CHANGING TO A LIABILITY ON THE BALANCE SHEET IN 2019 Presented by: Forrest Blake | Vice President | NAI Capital | 818-933-2365 | fblake@NAIcaptial.com | Lic # 01054174 Anyone who signs more than a 12-month lease and is in an executive position needs to read this and future articles on this subject. This change will have a dramatic effect on your financial statements. Tenant’s must book there lease obligation as a liability on balance sheet. I wouldn’t sign a new lease without understanding the impacts of these new requirements. The first time I wrote about this...

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INCREASING SUBLEASE SPACE CREATES LEVERAGE FOR TENANTS

Presented by: Forrest Blake | Senior Vice President | SVN Commercial | 310-850-2381 | Lic # 01054174 Los Angeles, CA, Tuesday, June 13, 2017– According to NAI Capital’s Market Trends report, office space offered for sublease in Los Angeles County in the first quarter of 2017 registered 4.9 million square feet, up 7.6% over the quarter and 11.5% over the prior year. The total inventory of available sublease space is increasing and is being absorbed at a lower rate. This quarter, 390,460 square feet were subleased, which is 22.1% less than a year ago. Sublease rents remained flat over...

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