There are many different terms that commercial tenants usually think of during the office lease negotiation phase. From rentable square footage to common area maintenance to subleasing and assignments, there are undoubtedly many terms to consider. One thing that most commercial tenants forget during lease negotiations is what should happen if the unexpected happens…
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This article was originally published from LIBN.com. See the post here. Festo USA, a robotics and pneumatics maker that recently moved its manufacturing operations to Ohio, leased 52,742 square feet of office space in Islandia. The U.S. division of Germany-based Festo, which has been on Long Island since 1972, will be bringing 125 employees..
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As I’m writing this blog post in September of 2016, construction crews are tearing down Oprah’s Harpo Studios in Chicago’s urban West Loop neighborhood to make room for McDonald’s new world headquarters. While this is a victory for the gentrified West Loop, it is also a loss for suburban Oak Brook. This trend is ongoing..
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Site selection is much more complicated that just looking for the most attractive space at the lowest possible rent and CAM. More than those straightforward issues, the key to finding a great location is to find one that is affordable to operate and that fits well into your existing corporate real estate portfolio and..
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When the time comes for a commercial lease renewal, it might seem like a simple process. The decision to stay simplifies the process since you won’t need to tour sites, and, especially if you have a renewal option, negotiating the price and terms is usually easier, as well. However, if you look at..
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