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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What is Rentable Square Feet When Leasing Commercial Real Estate?

What is Rentable Square Feet When Leasing Commercial Real Estate?

When leasing commercial real estate rentable square feet equals the actual space that you occupy (aka usable square feet) PLUS your portion of the common areas that all the tenants in your building share (e.g. building lobby, bathrooms, hallways, and other corridors).  It’s what you actually pay rent on. To help you understand rentable square feet better take the following

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