Companies often tell us that their space use is 180/SQFT (or similar) per person. Well it almost...
Your Office Space Utilization Metrics are Broken. Here’s How to Fix Them.
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Law Firms
COVID-19, Roger Bannister, and the Collapse of the Commercial Office Market
There was a time when some people believed that it was physically impossible to run a mile...
What’s a Renewal Option Worth?
It is a great time to be a tenant, and here is another example. Because almost all options are written with the assumption that rates will climb forever upwards, we’re seeing some interesting effects as rental rates tumble. Some options are literally not worth the paper they we’re written on. However, declining markets have made some usually unattractive renewal options have new value. Here’s why:
Commercial Lease Commencement Dates
If your lease is silent on the subject, most States provide that a landlord can charge double rent during a holdover period. Many commercial leases address this issue and specify some increased rent penalty from between 125% (if you negotiated it up front) to 200%. In addition, since rent is paid monthly, you are obligated to pay for the entire month
Mick Jagger, Net Present Value, and the new FASB/IFRS Lease Accounting Rules
I took this photo of Mick Jagger when I was a photojournalism major at the University of South...
Driving Business Growth using Smart Real Estate Strategy
If you have a growing service business, you probably used to shop for office space by comparing...