Unemployment Claims Soar Unemployment claims ratcheted up last week to break a record, revealing the full economic effects of American cities and states shutting down to slow the spread of coronavirus. Americans filed a record number of 3.28 million unemployment claims, an increase of 3 million over the previous week, the U.S. Labor Department announced Thursday morning. The number far exceeds the weekly claims during the Great Recession and the previous record of 695,000 in

As the spread of COVID-19 continues to affect us all in various ways, we at the Available Warehouses Team wanted to directly share any crucial updates and information regarding the city of Los Angeles that may be directly relevant to you, your company, and your families. On March 13th, Los Angeles City Planning (LACP) released an email regarding “Planning4LA during COVID-19”. Within this notice, LACP has announced that regularly scheduled meetings of LA commissions and boards

U.S. insurers, real estate companies, and legal authorities are in uncharted waters as they begin to assess how to meet their obligations and cover losses from the coronavirus pandemic It could take months for companies to find out whether commercial business and property insurance will cover billions of dollars in potential losses as the rapidly increasing number of U.S. coronavirus cases forces more businesses to close, according to business and insurance attorneys. Standar

Our Team is sure the past few days have been hectic and stressful. Our Team has been talking to a lot of small businesses like yours and the recent news about COVID-19 and Stock Market volatility is on everyone’s mind. At Beitler & Available Warehouses, we’re concerned about your team’s health and your company’s well-being in the weeks ahead. That’s why we wanted to share some resources and information that our team and other customers have found very helpful: A lot of compan

Cap rates are likely to stabilize this year in Los Angeles. According to a new report, moderate economic growth and investor demand will stabilize for apartments, retail, hotels, and office. Industrial cap rates, however, will continue to compress in the region. This trend follows a tightening of cap rates across asset classes in the second half of 2019. Apartment cap rates are 4.8% for infill product and 5.4% for suburban product, and hotels are at 8.3%, according to the rep

Press play and watch Costar’s Senior Economists go over the 2019 State of the U.S. Industrial Market Report & 2020 Forecast