Tag: office and industrial leasing

19

Nov2018

CRE Definition: Subleasor

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CRE Definitions Series: Sublessor A tenant who finds someone else to take over their lease agreement is called the Sublessor.      
November 19, 2018Lynn Drake

16

Jul2014
Are renewal options important? 95% of the ones I’ve seen set the renewal option at market rate, and the other 5% are set at a rate I would deem as “important.” How do you know? Well, you start by taking a look at a CoStar report to see what the ... Read More
July 16, 2014Lynn Drake

22

May2014
Our new offices are in a Class A building. The suite looks more like an art gallery than an office space, with high ceilings, and an 8-foot glass wall along one side of the office. The only thing missing is a gym—good thing we’ve got one right next door! Beginning your ... Read More
May 22, 2014Lynn Drake

05

Mar2014

Do You Speak Lease?

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Some of us speak Greek, Spanish, French or Mandarin, in addition to English. We think that if we can speak these other languages, surely we can speak real estate. But that’s where we’re wrong. See, not everyone can speak real estate. That’s why it’s important to work with a tenant ... Read More
March 5, 2014Lynn Drake

20

Feb2014
In late 2013, we moved into a really nice new office space. You probably think it was a slam-dunk, since office space is what we do for a living. We might know our stuff, but that doesn’t mean our search was a piece of cake. For one reason or another ... Read More
February 20, 2014Lynn Drake

26

Jul2012
While sitting at Boston Market in Troy enjoying a chicken pot pie and a newspaper I had this uncomfortable feeling I was one of the only people in the place.  How could this be?  The food is good and healthy. The service is better than most family diners.  Yet crowds ... Read More
July 26, 2012Lynn Drake

10

Apr2012

The Seven Year Itch

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Just because your lease contract says seven years doesn’t mean you can’t negotiate sooner. In fact, it may be in your best interests to do so. If you have two years left on your lease, think about a “blend and extend” option. What this means is starting with a fresh lease ... Read More
April 10, 2012Lynn Drake

29

Dec2011
As any commercial real estate realtor or broker can tell you, leasing a commercial space is complicated. The leases are long and full of tiny clauses meant to give the landlord as much of your hard-earned dollar as possible. If you don’t speak lease, you’re likely to hit a series ... Read More
December 29, 2011Lynn Drake

09

Nov2011

Even More Reasons to Relocate

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The business needs to be closer to the customer. Take a good look at this request.  In trucking if a plant moves it is cheaper to have a terminal close by for just in time delivery.  For office space it is a little more subjective.  Who are your customers?   My ... Read More
November 9, 2011Lynn Drake