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 […]
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 […]
This real estate headlines say it all: “Manhattan Office Vacancies Soar to a Record With Leasing Frozen.” And, with many companies uncomfortable asking their employees to return, it has left a massive problem for many of them. What to do with office space you are not using, but are paying for? For many, the first step was reaching […]
Are you thinking of subleasing office space? If so, it is a great time to consider sublease space in New York City. One of the top benefits of subleasing is lower office rent. By subleasing, you will (almost) always get a better price than if you were to enter into a direct lease with the […]
Do you have office space in NYC? Maybe you no longer need it. You want to turn to your landlord and just say:
“I’m outta here. It’s not going to work out between us.”
But Neil Sedaka was right and “Breaking up is hard to do.”
Ending a lease early can present a whole host of challenges like:
Eating your rent when you’re not even physically there (like a lot of folks right now. Paying a premium on cancellation. Losing your security deposit. And, perhaps even sometimes legal action.
But sometimes, you just need to do what is best for you. So let’s talk about your options.
Here are the four things you can do to end your lease or at least reduce your financial obligation if you have office space in Manhattan.
Manhattan Office Space: Consider Refreshing Your Offices whether Renewing or Subleasing with Rich Colucci
The two biggest trends for tenants with Manhattan Office Space are subleasing and renewals. In either case, refreshing your space can offer multiple benefits. Rich Colucci shares tips & tricks on how to get the landlord to pay for the refresh and also offers insight as to how refreshing space can help your sublease stick […]
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 […]
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 […]
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 […]
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: […]