When leasing office space some companies have industry specific space needs, however when it’s all said and done most companies have a lot of the same basic needs and objectives. Companies want their office space to: Provide a good image to clients, investors, visitors, & employees Be used as a tool to attract, recruit, and retain employees Motivate […]

Obviously when companies lease office space they have to keep their bottom line in mind however they also need to ensure that their employees are happy, productive, and never want to leave. Employees want their office space to: Be close to lots of amenities (restaurants, retail, dry clean, etc.) Be as close to home as

If negotiated properly most office space leases have renewal options that give the tenant the right to extend the lease beyond the initial term. This is a benefit for a tenant and one that should always be incorporated if possible. Having an office space lease renewal option gives you more control. Most landlords are reluctant to

In most cases landlords and commercial listing agents want tenants to sign longer term leases (typically 3-5 years or more).  The primary reasons are that it gives them more stable cash flow, increases the value of their building, their lenders may require it, and it gives them more time to recoup upfront out of pocket costs (tenant

When the economy and job growth are down in certain areas that typically means that there is more vacant office space available. In an effort to lease office space during a market like this landlords have more competition between them and typically offer more lease concessions such as tenant improvement dollars, lower lease rates, and offer

Most office building owners either operate with a Base Year or Triple Net (NNN) lease.  At the end of the day both essentially mean that the landlord is passing along most if not all operating expenses (taxes, insurance, maintenance, repairs, utilities, etc.) to their tenants. With a Triple Net (NNN) lease in addition to paying the