What is Class A Office Space?

Office buildings are typically classified (Class A, B, or C) based on factors such as location, age of the building, amenities (e.g. fitness centers, showers, building conference room, deli or food courts, etc), technological capabilities, building infrastructure, quality of hvac systems, and other factors. The ratings are very subjective and can vary depending on the market […]

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How Are Renewal Rates For Commercial Leases Determined?

How Are Renewal Rates For Commercial Leases Determined?

Renewal rates for commercial leases depend on several factors (current market conditions, supply and demand of the type of space you are leasing, & if you are properly prepared to negotiate). Current Market Conditions – When determining renewal rates for tenants landlords hire experienced commercial agents to consult them on current rates in comparable buildings, concessions

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