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…
If you are looking to lease office space, consider the New Jersey office market tenant friendly. The Northern and Central New Jersey office market has vacancies ranging from 15-34 %. Landlords compete for sizable or credit worthy tenants by offering incentives. These include free rent and phased in occupancy, allowing…
The Parsippany New Jersey Office Market is located approximately 33 miles from New York City and surrounded by a quality labor force. One of the top reasons both employers and employees choose Parsippany NJ office space is the access to major highways. It is easily accessible to Interstate 287, Interstate…