This is what that scenario of to small of office space typically looks like: You may stay and pay the “holdover “charge, which is typically between 125% to 200% of your current rent. Or you go to a month-to-month lease offering you no protection if your landlord asks you to leave, and even allow ... Read More
Category: Industrial Space
25
Jul2016
What will happen if you hired a professional tenant representative to help you with your commercial real estate needs?Choosing to do so mitigates your risk: You can continue doing what you do best, your business, or you can relax as we handle all of the details, freeing you from the hassle of ... Read More
July 25, 2016Lynn Drake
27
Jun2016
What is the difference between a Leasing Agent and Tenant Representative?* You will usually find the leasing agents name on the for lease sign out in front of a building. The tenant representative agent will be a bit harder to find because they won't have for lease signs as they ... Read More
June 27, 2016Lynn Drake
07
Mar2016
Having managed a fortune 500’s real estate department for many years, I was never a big believer in long term leases. I found that business space needs fluctuate and it's often not good to be locked in.However, there are times when you may want to consider a long-term lease. For ... Read More
March 7, 2016Lynn Drake
29
Feb2016
In the spring of 2015, I got a 22% increase in my common area maintenance (CAM) pass-through expense. CAM charges are billed pro rata to me and other tenants, based on our percentage of total property square footage and to cover the cost of common area upkeep.When I sent an ... Read More
February 29, 2016Lynn Drake