Fri, 06/15/2012 - 10:52 — Administrator
Below are helpful cost saving tips for NYC office space tenants to save money on their utility bills. Whether your lease is short or long term, the benefits of reducing energy use in your NYC office space are significant. It is best to contact a professional real estate rental broker in New York City who can tell you why these tips are important to consider before signing or renewing a lease.
Thu, 06/14/2012 - 11:35 — Administrator
You know the names: Google, Yelp, Foursquare. You may also know the real estate associated with them: Chelsea Market, Union Square, SoHo.
Sat, 06/09/2012 - 13:51 — Administrator
One term making brokers and tenants in New York City squirm these days is “loss factor”, which is basically the amount of communal space in a building the tenant pays for but is not included in the office space (i.e., the building’s lobby, janitor closets, elevator shafts, etc).
Sat, 06/09/2012 - 11:44 — Administrator
To lease office space short term in NYC or a long term—for many tenants, that is a critical choice. The terms for commercial leases in New York City generally range from two to fifteen years. Because of the costs required to “remarket” a property (including legal fees, build out costs, and lost rent during vacancy), landlords generally require a minimum two year lease term. On the other end of the spectrum, landlords are hesitant to sign leases with a duration exceeding fifteen years due to uncertainty about future rents.
Tue, 06/05/2012 - 14:03 — Administrator
When you rent New York commercial real estate landlords require payment of a security deposit at the time of lease signing. It will be returned to you at the end of the lease provided you’ve complied with all relevant lease terms. Unlike residential properties, commercial real estate landlords have much greater freedom in the amount of security deposit they can demand.
Mon, 06/04/2012 - 07:06 — Administrator
When you’ve got lots of business, sometimes it’s hard to squeeze it all in between 9:00 am and 5:00 pm. And let’s not discount the impeding power of the pesky emergency. Clients make last-minute demands. Assistants get sick. Packages get delayed. Stuff happens. And when it does, the last thing you need is the added worry of being locked out of your commercial office space.
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