Office Leasing Strategy
October 8, 2009
The result: an immediately reduced rental rate If you have been following the latest developments in the commercial office space market you are reading headlines such as “Office Rents Dive as Vacancies Rise” and “Office Space Vacancies reach Multi-year Highs” and it is no surprise office market fundamentals have deteriorated substantially during the current economic [...]
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September 24, 2009
Controlling occupancy cost begins with the understanding of the “Three L’s” Beyond occasionally reviewing market surveys, lease agreements and floor plans, senior managers in many companies rarely concern themselves with all the nuances of corporate real estate. Executives may not perceive that they can have significant impact on their cost structure by aggressively managing their [...]
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September 6, 2009
When negotiating commercial leases it is important for the Tenant to obtain a Subordination and Non-Disturbance Agreement, often referred to as the “SNDA” especially in today’s economic environment where foreclosure activity has significantly increased. There are many parties who have legal rights in a commercial real estate project. For example, a lease grants certain rights [...]
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September 6, 2009
Occasionally, a tenant prematurely vacates the leased premises. When negotiating your lease it may not seem to be a clause of primary importance. However, we don’t always foresee challenging economic times and given the amount of sublease space currently on the market only proves why it is critical to pay special to attention to these [...]
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September 6, 2009
Leasing office space for your company is a complex process and a significant financial commitment. Here are the most common mistakes made by tenants when securing office space for their business needs: Beginning the negotiation of a renewal or new lease too late Lacking clearly defined business or real estate objectives Focusing exclusively on financial [...]
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