Over the past few years with the explosion of smartphones showrooming has been a concern for brick-and-mortar retailers.  You may wonder what showrooming is.  It’s when consumers are in a physical retail store and then use their phones to comparison shop in hopes of finding a cheaper price. Well is appears that the tides have turned.  According […]

There are many reasons why a company might want to get out of a commercial real estate lease.  Whether you have leased office, retail, or warehouse space there comes a time when you might need to terminate it before the lease expiration date. Your company was acquired and they plan on consolidating offices Your company

Too many times I have heard of tenants who sign leases without knowing 100% what they will be responsible for paying for.  They simply ASSUME that the landlord is paying for certain things (e.g. electric, janitorial, taxes, etc) only to find out after the fact that they will incur additional costs not budgeted for.  Whether you are experienced at

Unless your company is a highly successful, public company most landlords will require that you sign some sort of personal guarantee when leasing office space.  Before you sign anything make sure you understand what you are guaranteeing. Signing a personal guarantee makes you liable for 100% of the lease payments.  In the event you default

Before you sign an office lease contract you want to make sure that you have the ability to Sublet or Assign your office lease. Why? There are several reasons why you want to retain the ability to assign/sublease your office space Your company is growing so fast that you outgrow your space and your office

The other day I had a client ask me about whether or not they should building out their office space walls using sheet rock (dry wall) or modular walls.  There are pros and cons to doing both so below I decided to share this with you. Sheet Rock (Dry Walls) Pros Less expensive than modular

When leasing commercial retail or office space landlords want the best tenants possible.  In fact most of them prefer to have national chains with proven concepts and that have locations across the country as opposed to mom and pop operations. Whether you are launching a new business or opening a well known chain your business plan,

Commercial real estate brokers get paid a commission only after a sale or lease transaction closes.  Determining the amount is easiest on purchase transactions as the entire amount is due at the closing table.  Determining the amount on leases depends on how long the lease term is and the monthly rental amount.  Commissions on lease

Now that you have selected the office space you want to lease the next step is to negotiate the lease contract. One of the items up for negotiation is the lease term. How long of a lease term should your company commit to? This is an important decision and one that should not be taken lightly.