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More housing permits were issued last month say the Commerce Department, but overall the outlook for builders remains poor, according to the NAHB
Commercial Real Estate, Office

What to Look for in a Tenant Buildout

By Elizabeth Whitman | November 12, 2018
When leasing commercial real estate, tenants need to budget for the buildout. A buildout includes adding walls, doors, outlets, cabinets, and anything else that constructed in the rental space. In office leases, the lease usually requires that the landlord pay the cost of the tenant’s buildout. How Leases Describe Buildout Obligations No matter what the […]
Manhattan office space is hugely popular with investors now, observers say.
Commercial Lease, Commercial Real Estate, Office

If You Think You Know How Your Office Lease Square Footage is Calculated, Guess Again!

By Elizabeth Whitman | October 28, 2018
You might think you can easily verify the square footage in your office lease.  After all, it is easy to calculate the square footage of the living room in your new home to plan for furniture placement. You use a tape measure to measure from wall to wall in both directions. Then, as you learned […]
Commercial Real Estate, US Real Estate

Understanding Commercial Lease Types

By Mike Wheatley | June 12, 2018
Commercial leases are not one-size-fits all. The type of commercial lease will vary depending upon the asset class and building class and the landlord’s and tenant’s needs.
Commercial Real Estate

Negotiating Common Area Maintenance Charges in Commercial Leases

By Elizabeth Whitman | April 23, 2018
When signing a commercial lease, tenants may look at only the base rent amount. They are surprised when common area maintenance (CAM) charges result in a monthly rent bill that is higher than expected. Tenants may receive an additional surprise at the end of the year when they receive a bill for a CAM shortfall. […]
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