While the owner of a startup company may be reluctant to take on a long-term lease, it might pay to think about what that actually means in practical terms. Here are two things to consider right from the start:It could take three to six months, at least, to find ...
December 5, 2017Lynn Drake
Ever feel like you're boxing in the dark when you're trying to figure out the real costs of the office space you rent?Because different types of real estate charge differently for space, it can be a challenge!Generally, retail or industrial buildings charge a base rent plus taxes, maintenance, and utilities. ...
November 30, 2017Lynn Drake
Finding commercial space is like preparing for a professional football game. Here's How you Have to Think: How long is the Training Season? Start your site search and put a game plan together six to nine months before your current lease expires or before you need a new space.Who Will be the ...
November 10, 2017Lynn Drake
What is similar to a wolf in sheep's clothing?A landlord or a landlord real estate agent pretending they have your best interest at hand when renewing your lease.NEVER FORGET: It is their job to get the most money as possible for the space you lease.Image from seputarkudus.com
October 12, 2017Lynn Drake
For those who believe there really is such a thing as a free lunch and free rent, the game has changed, especially when it comes to leasing commercial space. Landlords are generally willing to give a free month, but the incredibly generous deals of the past are fading as buyer ...
September 29, 2017Lynn Drake
Your company culture might encourage people to flex their schedules and stay late in the evening or come in on weekends during crunch periods. Can your building accommodate you? Does it accommodate the hard workers down the hall at your expense?The big question is: Who controls the thermostat?If a building ...
September 15, 2017Lynn Drake
We talk a lot about the importance of an RFP (Request for Proposal), and written about the top mistakes that tenants make. One mistake we see frequently is that tenants don’t check the RFP against the final lease.A good agent will do this for you automatically.Many agents will affectionately tell ...
August 8, 2017Lynn Drake
I always enjoy showing our clients potential space for their offices. I find it interesting to see space through their eyes, rather than my own. I may think a particular space is great, they may not see it working for them at all.One of the biggest differences between residential and ...
July 20, 2017Lynn Drake
Leasing Executive Suite Space What is an executive suite, and why might you want to consider leasing one?Executive suites are a luxury, to be sure, but for newer businesses looking for a place to meet with clients they’re definitely something to consider. Executive suites cover a wide range of options, allowing ...
June 28, 2017Lynn Drake
What is the difference between a Leasing Agent and a Tenant Representative?You will usually find the Leasing Agent’s name on the “for lease” sign in front of a building. The Leasing Agent represents the Landlord, and is sometimes called the Property Manager. The Tenant Representative Agent may be harder to find, ...
May 16, 2017Lynn Drake