How Rent Works: The Last Article You’ll Ever Read

There are two components to your rent: i) base rent, or net rent, which is the money your landlord actually receives, and ii) operating expenses, or “opex,” which are your share of the building’s operating costs (taxes, utilities, landscaping, janitorial, repairs and maintenance, etc). Depending on your property type and/or market, your lease could structure … Continue reading How Rent Works: The Last Article You’ll Ever Read

5 Mistakes You’ll Make When Leasing Office Space

For most company executives, leasing office space is an infrequent transaction undertaken every 5, 7 or 10 years. Meanwhile, landlords and their brokers are transacting every day, making them highly attuned to the nuances of a commercial real estate lease. Thus, along with hiring a trusted tenant advisor, you’ll need to be aware of these … Continue reading 5 Mistakes You’ll Make When Leasing Office Space

Red Flag: How To Know If You’ve Hired “Bad” Broker

Unfortunately, not all brokers are created equal. In addition to lacking most or all of the qualities mentioned in this post, other indications you may not have a qualified broker include: They focus on “speed” – the tour, the proposal, and the close. Their focus is short-sighted on making money quickly, not about repeat business or … Continue reading Red Flag: How To Know If You’ve Hired “Bad” Broker