Commentary Los Angeles-area office building landlords could be the only ones in the country increasing rent during the ongoing pandemic. Rental rates in the city were up 1.2 percent year-over-year, according to Colliers’ fourth-quarter 2020 office market snapshot. (Los Angeles landlords charged an average of $49.55 per square foot during fourth-quarter 2020, compared with $48.95…
Westminster to Review Temporary Moratorium on Commercial Evictions
The Westminster city council will consider placing a temporary moratorium on commercial evictions during an upcoming meeting. The ordinance would be an emergency measure effective immediately upon adoption. The policy is being brought forward by city manager Sherry Johnson, who believes it would provide relief for businesses struggling during the COVID-19 pandemic. “This is an interesting…
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