Office Leasing: Blend and Extend
Today we will talk about a strategy used by companies that are thinking about ways to alter their real estate obligations based upon a change in the market or a change in their own business. To start with the term “blend and extend” refers to an extension of an existing lease for your office space, […]
Office Leasing: It’s a Tenant’s Market
The big question I get now is “Gregg, why do you say it’s a tenant’s market for office space? What’s happening in the market that gives you that indication?” We’ve seen office space vacancy rates in New York City creep up close to 20% in the office market. And we’ve seen landlords be more flexible […]