Office Leasing: Loss Factor
Different commercial space for rent has different loss factors, depending on various characteristics of the office space you are considering. Have you ever walked into an office when looking for commercial space and said this doesn’t feel like x (insert number) of square feet!? You think about an apartment or a house, and you think […]
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: 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, […]
How to Sublease Your Office
You know you don’t want or need your office space anymore but you don’t know what to do with it. In this blog, we will help explain what a sublease is, clarify what a sublease isn’t and then look at the 9 steps you need to take to successfully sublease your space. I’ve seen so […]
Navigating Uncharted Waters
Visibility is low for many businesses. Stress is high while trying to keep your operations afloat. Your eyes are likely focused on the fixed costs and how to reduce them. At the top of that list is your commercial real estate expense AKA office rent. In an effort to help answer some of the questions […]
March 2020 Market Report
In the weeks leading up to the virtual shutdown of New York City, there was a lot of activity in the New York City office leasing market. Here’s a recap… The Numbers: 300%That’s the increase in fashion tenants downtown over the last 10 years. We’re talking companies like L Brans, Nike, and J. Crew all […]
6 Questions Your CRE Agent MUST Ask
Time is our most precious asset so in an effort to help you avoid wasting any of it when thinking about your company’s real estate decisions, I’m going to discuss the 6 questions your advisor must ask you when you meet for the first time. Prefer video? Check out the video for this blog post: […]
Office Love Letters
You know that feeling when someone asks you “Where are your offices?” and when you tell them they say “Ohhh nice”. They then go on to say things like, “That’s awesome, your so close to (fill in the blank from where ever you commute from)” or “Oh, your right by (insert food place), I go […]
The Future Is Now
It’s crucial to prepare for tomorrow. When looking at office space it’s not just about what you need now but it’s about the future. It’s important for your business to ask several questions: What are you planning for your company’s growth? What does the headcount look like in 2 years, 5 years? What are some […]
A Tenant’s Wish List
With the holidays just around the corner, “wish lists” seem to be very topical in many conversations. Staying on theme, for those thinking about their next lease, we thought we’d share the findings from our meetings with tenants this year. Interestingly they are quite consistent with the findings of Gensler’s 2019 US Workplace Survey, MIT’s […]