Commercial Renters Have a New Worry:
A Landlord's Default
Follow the Rules for a Stress-Free Move
Murphy’s law decrees that if anything can go wrong, it will. O’Brien’s corollary adds that Murphy was an optimist. Any time an organization — business, professional practice, nonprofit, government agency — plans to relocate, Murphy and O’Brien are close by, waiting to prove themselves right.
As Vacant Office Space Grows, So Does Lender's Crisis
Vacancy rates in office buildings exceed 10 percent in virtually every major city in the country and are rising rapidly, a sign of economic distress that could lead to yet another wave of problems for troubled lenders.
Leverage Is The Key To Successful Renewal
You may be surprised to learn that the best time to negotiate renewal terms is before you agree to move into the building. That's because landlords are much more responsive to prospective tenants than to those they already have in tow.
How To Get The Best Lease Terms From The Landlord
Not the way your landlord would probably have you believe. The risks and opportunities are often greater when you're renewing a lease than they were the first time around. Yet many tenants allow themselves to be led astray.
How To Renegotiate Your Lease
You have more bargaining power than you think.
Variable costs like payroll, office supplies and advertising usually draw first blood in a recession. But some ostensibly fixed burdens are ripe for whittling, too, if you know how to negotiate. A big one: leased real estate.
Getting a Fair Break on The Pass-Throughs of Operating Expenses and Real Estate Taxes.
In the coming months, most commercial tenants will receive from their landlords reconciliations of prior year operating expenses, CAM expenses, taxes and insurance. With bottom lines under such universal attack, more and more corporations are revisiting lease audits as a tool to cut costs, since rent is the second largest business operating expense after employee compensation.
10 Questions to Answer Before You Choose a New Site
Considering a new site presents an explosive bag of opportunities and risks. You can take advantage of the former and reduce the latter by answering 10 important questions before you make a final decision.
Tenant Representatives Serve Our Best Interests
Dr. Fogel, who has worked with other tenant representatives from the area, adds, "We know that no one can effectively represent both parties in a negotiation, and both sides deserve their own strong advocates.”
Commercial Property Values Continue To Fall
Real estate owners and investors are expecting further declines in commercial property values over the next 12 months as tenant demand weakens, rental rates decline and overall cap rates rise, according to the quarterly findings of PricewaterhouseCoopers' Korpacz Real Estate Investor Survey(tm), released last month.
Should You Be Worried When Your Landlord Fails to Pay Its Mortgage?
The short answer to the question posed by the headline is, “it depends.” Having said that, let me add that if you are a commercial tenant — office, industrial or retail — you should take steps to make sure your rights under your lease will remain intact. You should also explore other options.
Green Buildings: They’re Kind to Our Planet, They Make Your Employees Healthier and More Productive and They Improve Your Bottom Line
Green buildings have gone mainstream. No longer the province of “tree huggers,” they are embraced by major industries and experts across the political spectrum as an important way to fight global warming. And global warming is no longer a debatable issue; it’s real.
Office Rents Dive as Vacancies Rise
Rent for office space is falling at the fastest pace in more than a decade as vacancies create a glut and landlords slash prices to attract tenants.
Nationwide, effective office rents fell 8.5% in the third quarter compared with the same period a year ago, the steepest year-over-year decline since 1995, according to Reis Inc., a New York real-estate research firm.