The Relocation Clause
The relocation clause is often hidden in office leases. Here’s how to protect you and your business. Often found hidden in an office lease, after a term sheet has been agreed to, and rarely disclosed in commercial real estate listings, the relocation clause allows the landlord the right to relocate the tenant if they wish. […]
Office Leasing: The Good Guy Guarantee
In office leasing, the good guy clause is often misunderstood. Here’s what you need to know when looking for office space. First, it’s important to understand why the good guy clause was created. The Good Guy Guarantee provides an added layer of protection for commercial property owners since they can rely on it to prevent […]
Office Leasing: What Is a Remaining Lease Obligation?
Every company should do a Remaining Lease Obligation to best understand their real estate exposure. This is a key step in the office leasing process. You’d be surprised to learn that you are paying more for your office space than you think! And there’s a simple way to find out what you are paying. It’s […]
What Does it Cost to Move?
This is a question that comes up a lot during the office leasing process. We’re not talking about your square foot amount, or we’re not talking about your base rent. We’re just talking about the moving costs itself for office space and all those ancillary items so that you really have a full picture of […]
Same Space. More Square Footage
Okay, so there is this thing that happens in commercial real estate in New York City that will blow your mind. When I learned about this, it took me a while to get it. It is called re-measuring. In its simplest form, you can sign a lease for 10,000 square feet, and in some time […]
Talking Security
It is so crucial right now to talk about security deposits, with post-pandemic repercussions, and landlords who are still sensitive about this topic after many tenants have left their offices last year. It is top of mind for everyone right now. Landlords are wondering if they have enough in security, and tenants are wondering how […]
F is for…
I am shocked at how often I’m hearing this word. It is part of most conversations with tenants these days. I understand where it is coming from, but its frequency is what is shocking to me. The word? Flexibility. It’s being driven by an inability to forecast how people will work coming out the other […]
The Dirty 4 Letter Word in an Office Lease
The lease is a contractual obligation, written by landlords, for landlords, and it is of utmost importance to understand your rights and your exposure. It’s why I say it’s crucial to have expert real estate advisory, as well as legal representation. Amongst the many potential pitfalls, there is one clause that pops up from time […]
One Year Post-COVID Outbreak: NYC Office Market Update
It’s been a long 12 months. Spring is in the air, and New York is waking up after a long nap. But, the landscape seems different. Yes, people are starting to come back into the city but everyday office occupancy is still hovering around 15%. Some businesses are operating within a hybrid model, having their staff in the office […]
Office Leasing: The Key Dates You Need To Know
When I started listening to Earth, Wind & Fire’s ‘September,’ I never thought that I would one day be writing about its relationship to real estate and office leasing, but here I am. Specifically, the first line, “Do you remember…” Office tenants spend a ton of time and money negotiating their leases for office space. […]