When a business owner examines available space options for their business, they may consider a property marketed for both lease and sale. Many times, a business owner decides to purchase the property instead of leasing after realizing that rental payments can go towards paying down a mortgage. They could actually…
The first quarter of 2011 represented the largest positive change in the real estate office market over the last four years. More office space was leased and sold than was vacated by tenants. The Class A availability rate declined to 22.3 %, which represented the lowest level in 2 years.…
Negotiating a commercial property termination clause In the current economic climate, tenants are concerned more than ever about making careful decisions regarding their commitment to expenditures for their business. One of the largest costs to operate a business is the real estate component, whether it’s leasing or owning space. A…
When looking for office space to lease, tenants should not overlook the cost variation charged for their electric consumption. There are three basic ways landlords measure usage and bill tenants in multi-tenanted office buildings: Tenant Electric - charge quoted as a fixed dollar amount per square foot on an annual…
It's important that tenants fully understand the concept of space measurement when leasing office space in a multi-tenanted building. Three ways to maximize the efficiency of space measurement include: Understand the loss factor calculation Utilize the services of an experienced space planner or architect Have the space measured prior to…
The Northern and Central New Jersey Edison industrial market, comprised of over 642 million square feet, ranks as fourth largest in the country. In 2010, the industrial sector demonstrated remarkable volatility, characterized by substantial fluctuations in both positive and negative absorption each quarter. In Central New Jersey, Exit 10/Edison, Union…