In New York City, which is often referred to as a “whole different animal” when it comes to real estate, tenant improvements refer to a fixed amount of money specifically designated by the landlord to improve the tenant’s space. There is no situation in which this money could be spent on other things (though this [...]
Tenant Improvements: What Can You Expect in New York City?
My Lease is Signed. Now What? The To-Do List
Once your lease is signed on your new or renewed office space, breathe a sigh of relief- the worst is over! That doesn’t mean, however, that there’s nothing left to do. We’ve compiled a “To Do” list for you; one that ensures that everything is taken care of before move-in day. Task Date Completed Coordinate [...]
The Eight Mistakes Tenants Make When Leasing Office Space
Hey, we all make mistakes – but when it comes to leasing office space for your business, mistakes equal dollars – sometimes big dollars. Here are the ten most common mistakes tenants make when renting office space, as well as an insider’s take on how to avoid making them. 1. Lack of Planning: Believe it [...]
Green Costs and LEED Certification: What Does It Mean For You?
Green is most certainly the new black – and everyone who can afford to go green is doing so. Note: the key phrase in that sentence is “everyone who can afford to go green” – that’s right, folks, going green can be pretty expensive, especially when it’s commercial real estate that you’re talking about. Below, [...]
The Top 5 Hidden Costs To Look For When You Sign A Lease
Given that most commercial real estate leases are upwards of 70 pages long, it’s easy to miss a few details here and there. That’s why it’s generally advised that you hire a tenant representative broker, as he/she will be trained to look out for the important parts of the legal jargon. However, whether you’re planning [...]
