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 […]
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 […]
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 […]
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, […]
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 […]
Based on my experience, it seems that a lot of tenants do not even know this exists! So, I decided to speak with an expert to help businesses understand what money is available for them to relocate. Ann Kayman the CEO of New York Grant Company was a recent guest on Conversations with Cohen.
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. […]
I talk a lot about knowing your numbers when it comes to your real estate. A main component of this is the operating expense. You have the base rent amount, and then there is “additional rent.” As a tenant in an office building, you are responsible for contributing to the ongoing operating expenses of the […]
There are so many different costs associated with an office lease outside of the base rent. Many of these can add up to real dollars! It is important to know what is going into your office lease. This is for two reasons: 1) so that you can make an apples-to-apples comparison when considering the space that works for you 2) to understand what your costs are upfront so there are no surprises once you have signed a lease.
Today I want to address electricity because if negotiated incorrectly, it could be a profit center for the landlord. There are going to be situations where some of these are not available, but it’s better to be an educated consumer and ask, rather than assume what is proposed to you is the only option.
There are three options for electricity. These include ERIF, Submetering, and Direct Metering — only one of these is not a moneymaker for your landlord. So, let’s get into it.
Your lease renewal is Worth A LOT! A lease renewal is seen as the path of least resistance for many companies, as it removes the potential disruptions associated with a move, from a change of address to the associated costs, and everything in between. It is important to remember that it is the best option […]